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FAQ Message |
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 What is the Company?s view on the supply and demand situation nationwide for 2008 to 2009? |
In 2008, faced with various difficulties and challenges, the power industry has successfully completed the mission of assuring sufficient power supply for the country?s economic operation and for the Olympic Games. The adjustments of power construction and investment structures nationwide continued to accelerate and new power generation capacity continued to increase rapidly. However, impacted by the global financial crisis, demand for power consumption slowed, thereby leading to significant decreases in growth of power generation and power consumption, whereas the effects of energy savings and emissions reduction continued to be felt.
In 2008, total nationwide installed capacity amounted to 792,530MW, representing an increase of 10.34% as compared to the previous year. Of such total capacity, hydropower amounted to 171,520MW, representing approximately 21.64% of the total capacity and an increase of 15.68% as compared to the previous year. Coal-fired power amounted to 601,320MW, representing approximately 75.87% of the total capacity and an increase of 8.15% as compared to the previous year. The ratios of hydropower and coal-fired power to the total capacity increased by 1.00 percentage-point and decreased by 1.55 percentage-points respectively as compared to the previous year. Total on-grid capacity of wind power amounted to 8,940MW, representing an increase of 111.48% as compared to the previous year.
In 2008, nationwide social power consumption amounted to 3,426.8 billion kWh, representing an increase of 5.23% as compared to the previous year. Such growth rate decreased by 9.57 percentage-points as compared to the previous year. Among such consumption, power consumed by the primary industry, the second industry, the tertiary industry and urban and rural residents amounted to 87.9 billion kWh, 2,586.3 billion kWh, 349.8 billion kWh and 403.5 billion kWh respectively, representing year-on-year increases of 1.85%, 3.83%, 9.67% and 11.83% respectively.
It is anticipated that the PRC?s power generating capacity will continue to grow in 2009. Newly constructed installed capacity nationwide will be around 80,000MW. Excluding 13,000MW of small-sized coal-fired units planned to be shut down for the year, total installed capacity nationwide will reach approximately 860,000MW as at the end of 2009. It is anticipated that the country?s power demand in 2009 will exhibit a clear ?first-low-then-high? trend, with a growth rate for the year estimated to be approximately 5%. The over-supply situation in the second half of 2008 will continue in 2009, but supply and demand will be gradually balanced. The power grids in the eastern and southern regions will maintain a supply-demand balance, while the power grids in the northern, central, northeast and northwest regions will have abundant supply. |
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