The roadmap for cutting overcapacity in the coal-fired power field has finally been issued. According to a guidance released Monday at a meeting held by the National Development and Reform Commission (NDRC), the Ministry of Industry and Information Technology, the National Energy Administration and 14 other central government agencies, China will suspend or postpone construction on 150 million kilowatts of coal-fired power capacity and eliminate over 20 million kilowatts of outdated coal-fired power capacity during the 13th Five-Year Plan period. By 2020, the coal-fired power installation capacity across the country should be within 1.1 billion kilowatts.
JUMORE Reviews
China has been pushing ahead with the supply-side structural reform to cut overcapacity in various fields and clean up "zombie enterprises", thereby promoting industrial restructuring and upgrading. This is also advantageous for the development of bulk-commodity sector, adding power to the transformation of the real economy.
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