On Wednesday, China reiterated its focus on energy security, vowing to secure energy and power supplies, coordinate resources, speed up approvals for new coal projects, and ask coal companies to expand output as the season approaches.
Power generation companies must stockpile higher-quality coal to ensure power generation during peak periods, and management groups must coordinate resources to support interconnected power plants in Southwest and Northeast China to fully utilize their capacity and help fill the gap in local operations, including electricity distribution and heating, according to a report published Wednesday by the China Securities Journal, based on data from the State Assets Supervision and Administration Committee.
According to the report, the commission recently carried out dynamic monitoring of 195 coal mines, 572 coal-fired power plants, 727 hydroelectric power plants, and 96 gas-electric power plants linked to state-owned enterprises and receiving increased political support.
China has used both domestic and foreign energy sources to ensure a stable heating supply in winter while optimizing the country’s energy mix to improve supply security in a difficult international energy situation.
Since the beginning of winter heating, the country’s coal supply for electricity production has remained at a high level, with coal reserves at a record of about 175 million tons, the National Development and Reform Commission (NDRC) announced. November 30th.
According to the Energy Bureau of Inner Mongolia, the region’s coal production rose to 970 million tons in the first 10 months of the current year, up 13.6 percent from a year earlier, of which 600 million tons were sent to markets outside the region. coal demand at the 29-province level across China.
In August, the State Council announced measures to support power producers by issuing 200 billion yuan ($28.22 billion) in special bonds to support power supply.
Meanwhile, China has strengthened energy cooperation with, for example, Russia, Mongolia, and Kazakhstan. According to Observers note that China’s overall energy supply is stable, and the production of coal, oil, and natural gas is increasing while market demand is relatively stable.
In addition, several agreements on energy cooperation, especially the long-term agreement with Qatar, will further diversify the country’s energy sources and significantly contribute to China’s energy security and the country’s goals of achieving carbon excellence and carbon neutrality. they said.
Get more news and insights about Global Coal Industry here