China to boost supply-side reform in thermal power
China will boost the supply-side reform in thermal power industry as it aims to cut overcapacity and enhance industrial competitiveness.
Construction of thermal power plants equipped with generation capacity totaling 150 gigawatts will be halted and low-efficient plants which generate 20 gigawatts in total from 2016 to 2020 will be phased out. These measures, under the country's 13th Five-year (2016-2020) plan, will help upgrade China’s energy structure and boost industrial competitiveness, the National Energy Administration said.
By 2020, China’s installed thermal power generation capacity will be limited to 1,100 gigawatts. Cleaner energy such as solar and wind will replace China’s use of thermal power.