Energy technology opportunity: China
China is in the midst of a tremendous period of growth that could prove to be the world`s largest market for power development. China is fourth in the world in terms of total generation capacity. However, with a population of over 1.1 billion, China ranks approximately 80th in terms of kWh generated per capita. Although the power industry grew an average of 10% per year in the late 1980s and early 1990s, it is not keeping pace with China`s rapid industrial growth which has exceeded 20% per year. At the end of 1992, China had an installed capacity of 165 gigawatts (GW). By 2000, plans call for installed electricity capacity of 300 GW. To meet this plan, China will need to add about 17 GW of power per year! Over the next decade, the prolific development of the energy sector in China will create many opportunities for foreign companies. China provides enormous development potential in terms of population, urban and rural energy demand, new trade policies, and environmental concerns relating to coal-fired power plants. According to Chinese official estimates, domestic firms now meet only 70% of China`s current demand for power generation equipment. To meet future energy demand, 3--5 GW of capacity per year will rely on imported technology.
- OSTI ID:
- 46033
- Journal Information:
- Strategic Planning for Energy and the Environment, Journal Name: Strategic Planning for Energy and the Environment Journal Issue: 4 Vol. 14; ISSN SEENEJ; ISSN 1048-5236
- Country of Publication:
- United States
- Language:
- English
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