trending Market Intelligence /marketintelligence/en/news-insights/trending/GSsvo5fdjW95OaP-vILotA2 content esgSubNav
In This List

China to slash more coal-fired capacity by 2020

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Research Brokers Accelerate Their Coverage of Electric Vehicles

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms


China to slash more coal-fired capacity by 2020

China's National Energy Administration, or NEA, unveiled plans to cut 20 GW of outdated coal-fired power capacity by 2020, on top of its earlier goal to suspend or halt construction of new power plants with a total capacity of 150 GW, Reuters reported Aug. 2.

A transcript of an NEA meeting posted by the country's official industrial website, China Coal News, showed that most projects targeted for suspension or termination are run by giant coal producers and are located in the western regions of Ningxia, Xinjiang and Inner Mongolia.

It also showed that China's biggest coal producer, Shenhua Group Corp. Ltd., plans to delay production from nearly all its coal-fired plants that are under construction, while eight China Datang Corp. projects have been suspended so far this year, the report said.