China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (3220)	5/22/2004 2:51:45 PM
From: RealMuLan	Read Replies (1) of 6370

China's energy supply 'dwindling' Industry has been gobbling up China's power China's energy chiefs have defended their efforts to ensure supplies amid mounting criticism over power shortages Coals stocks at major power plants could run out in one or two days,the China Daily newspaper has reported, suggesting more blackouts are likely. But the National Development Reform Committee's (NDRC) Energy Bureau said it was working on increasing supply. Energy Bureau director Xu Dingming told state TV: "As the person in charge of the energy sector, I am concerned." Almost all Chinese provinces have been hit by chronic blackouts and power rationing during the first three months of the year. Only the remote Xinjiang Ugyur Autonomous Region, three provinces in North East China and Hainan Island have been unaffected so far, China Daily said. Worse to come In an interview with China Central Television, NDRC officials admitted that an electricity crisis was looming as a result of dwindling thermal coal supplies . However, they said supplies were adequate and blamed abnormally fast growth in demand for the shortfall. news.bbc.co.uk

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