Electricity Generated in Southwest China Has Huge Market

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Last updated at: (Beijing Time) Sunday, December 09, 2001

Electricity Generated in Southwest China Has Huge Market

Though provinces in southwest China vie to initiate power projects this year when China is carrying out a national plan for sending electricity from west to east, oversupply of electricity is unlikely to occur in China, according to officials.

Shi Lishan, an official from the State Planning Committee of China, said that between 2006 and 2010, Guangdong Province alone will need an additional 15 million kilowatts of electricity. But the projects under consideration for that period can only send 11.6 million kilowatts of electricity from the Three Gorges Project and Guizhou Province.

In the long run, more power projects will be built to meet the needs of the whole country, he said. If China wants to have its per capita installed capacity reach 1,000 kilowatts, the total will be 1.3 billion kilowatts. The combined installed capacity stands at some 300 million kilowatts at present.

Shi assured investors that a stable and long-term investment in China's electricity industry will surely produce good gains.

He said China welcomes overseas investment and will grant investors the same treatment domestic companies enjoy.

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