China’s Utilities Cut Energy Production, Defying Beijing – NYTimes.com   Leave a comment

“Balking at the high price of coal that fuels much of China’s electricity grid, the nation’s state-owned utility companies are defying government economic planners by deliberately reducing the amount of electricity they produce.

The power companies say they face financial ruin if the government continues to tightly limit the prices they can charge customers, even as strong demand is sending coal prices to record levels. The chairwoman of one giant utility, China Power International, recently warned that one-fifth of China’s 436 coal-fired power plants could face bankruptcy if the utilities cannot raise rates.”

via China’s Utilities Cut Energy Production, Defying Beijing – NYTimes.com.

A power struggle about power in China. Note the graphic on the source of electricity generating power in China…predominantly coal , followed by hydro,then small amount of wind and small but rising amounts of nuclear.

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Posted May 25, 2011 by arnoneumann in China, Uncategorized

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