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State Council to discuss stimulus plan for new energy industry
(Xinhua)
Updated: 2009-05-23 11:52 China's top economic planning agency would soon submit a draft support plan of the country's new energy industry to the State Council, China's Cabinet, for approval, the Shanghai Securities News reported Saturday.
The support plan would focus on nuclear power and renewable energy as wind and solar power, Zhou told the newspaper Friday at a national energy forum held in Beijing. Liang Zhipeng, head of the new and renewable energy division of the Bureau, said the draft had to go through discussions within the NDRC after opinions were sought from firms, local NDRC branches, and relevant ministries. Zhou said the NDRC had finished discussions on the plan.
He added that the country would give financial support to research and development on technologies that are key to self-made equipment for nuclear and wind power facilities. However, he did not reveal the amount of investment the country is planning for the new energy development. China has unveiled support packages for 10 key industries, part of moves to stimulate the slowing economy. The new energy sector was not included in previous plans despite high hopes for such stimulus. (For more biz stories, please visit Industries)
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