Beijing: China’s booming economy, which relies on coal for 70% of its electricity, could be running out of steam, with the country’s coal reserves down to just 12 days.
China has just 12 days of coal stocks at most power stations, with some provinces bordering Beijing having less than a week’s reserves, the state electricity regulatory commission revealed on Wednesday.
Even though Chinese coal production in the first quarter of this year was up almost 15% on the same period last year, it has apparently not been enough to meet the rapidly growing demand for power from an economy that has been growing by 10% a year for more than two decades, NewScientist online said.
The International Energy Agency says China increased capacity at coal-fired power stations by 100 gigawatts in 2006, the most recent year for which figures are available.
The report quoted deputy head of the Chinese electricity regulatory commission, Wang Yeping, as saying the country is likely to be short of 10 gigawatts of electricity generating capacity this summer.