PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: Doug R who wrote (799)	6/26/2005 5:50:37 AM
From: Wharf Rat	Read Replies (1) of 1183

Baking Beijing factories take week off to save power Fri Jun 24, 2005 5:02 AM BST BEIJING (Reuters) - Beijing will order 6,000 industrial firms to shut for a week this summer and another 5,800 to give workers days off as the city grapples with a heatwave and drastic power shortage, state media said on Friday. Power supplies in the Chinese capital were already stretched to capacity, with temperatures as high as 41 degrees Celsius (105.8 F) driving people to turn air-conditioners to maximum cool in homes and business across the city, the China Daily said. Power usage hit a record high in Beijing on Thursday and water consumption reached a five-year high, the Beijing News reported. The eastern province of Zhejiang had also warned of possible summer blackouts, the China Daily said. "Despite a number of measures put in place to lower power needs during peak times, power demands are still rising across the whole province," He Xiqiang, deputy general manager of the Zhejiang Provincial Electric Bureau, was quoted as saying. China has poured billions of dollars into expanding its power transmission and generation capacity, but the national power system is forecast to struggle to meet demand until 2006-2007. If the new policies are met with success, it may decrease reliance on diesel-burning generators. Severe blackouts in the summers of 2003 and 2004 led many companies in eastern and southern China -- the hotspots for foreign direct investment -- to install their own diesel-fuelled generating units. That led to an unexpected surge in diesel imports last year, boosting prices worldwide today.reuters.co.uk.

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