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Power generation capacity and investment increases in China
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IntroductionThe cumulative installed capacity of power generation in China rose to 2.97 billion kilowatts by the ...
The cumulative installed capacity of power generation in China rose to 2.97 billion kilowatts by the end of February, a year-on-year increase of 14.7 percent, with solar power reaching 650 million kilowatts, a year-on-year increase of 56.9 percent and wind power up 21.3 percent year-on-year to 450 million kilowatts, official data showed on Monday.
Meanwhile, total investment in power generation projects by major power generation enterprises nationwide was 76.1 billion yuan ($10.57 billion), an increase of 8.3 percent year-on-year. The investment in grid projects was 32.7 billion yuan, an increase of 2.3 percent year-on-year, it said.
China's electricity consumption, a key barometer of economic activity, logged robust expansion in the first two months of 2024, with power use climbing 11 percent year-on-year to 1.53 trillion kilowatt-hours during the first two months this year, said the administration.
Specifically, power consumed by primary and secondary industries went up 11.1 percent and 9.7 percent year-on-year, respectively. Power used by the tertiary sector soared 15.7 percent.
In the Jan-Feb period, China's residential power use registered a 10.5 percent increase from the same period last year, the data revealed.
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