Massive capital for renewable power
By Xie Chuanjiao (China Daily) Updated: 2006-10-26 08:44 China will invest 1.5 trillion yuan (US$187.5
billion) to increase the ratio of renewable energy consumption, said Wu Guihui,
vice-director-general of the Bureau of Energy under the National Development and
Reform Commission.
Currently, 7.5 per cent of China's energy comes from renewable sources. The
country's goal is to make it 10 per cent by 2010 and 16 per cent by 2020,
revised from its initial goal of 20 per cent.
"Within 10 years, we will see a population of 30 million, in all the remote
rural areas, have access to electricity, mainly from renewable energy-powered
projects," Wu told the Great Wall World Renewable Energy Forum & Exhibition
on Tuesday in Beijing.
"The shortage of fuel for daily consumption in rural areas will also be
solved by that time."
Furthermore, the country will push the development of the renewable energy
industry, introducing advanced foreign technology and further developing
technology with proprietary intellectual property rights.
Hydro-powered electricity capacity will rise from the current 117 million
kilowatts to 190 million kilowatts in 2010 and 300 million kilowatts in 2020,
when, Wu said, 70 per cent of the nation's potential hydroelectric energy will
be exploited.
From 2002 to 2004, China poured 4.7 billion yuan (US$587.5 million) into
small-scale hydropower systems intended for rural areas, which today serve more
than 5 million people in 12 provinces and regions.
Meanwhile, the capacity of biomass power will reach 5.5 million kilowatts in
2010 and 30 million kilowatts in 2020. For wind power, it will be 5 million
kilowatts in 2010 and 30 million kilowatts in 2020.
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