China plans to control its energy consumption at 4.55 billion tonnes of standard coal in 2018, said the National Energy Administration on March 7 in a guideline.
The guideline noted the proportion of non-fossil energy use will be raised to 14.3% and that of natural gas to 7.5%, while coal consumption will be down to 59%.
In 2018, coal production will be controlled at around 3.7 billion tonnes, oil at 190 million tonnes; natural gas extraction will grow to 160 billion cubic meters and non-fossil power installed capacity will total 740 GW and its generation up to 2,000 TWh.
The guideline also said energy consumption per unit GDP will decline by more than 4%. The average coal burn for power generation will reduce 1 g/ KWh.
In 2017, China's energy consumption totaled 4.49 million tonnes of standard coal, up 2.9% year on year, in which coal consumption accounted for 60.4%, down 1.6 percentage points from a year ago; clean energy (natural gas, electricity from water, nuclear, sun and wind) consumption constituted 20.8%, compared with 19.5% in 2016.
In the guideline, de-capacity campaign will deepen in the coal sector. Those "zombie" coal enterprises that have been debt-ridden and loss-making for long should be phased out timely; cutback standard of overcapacity in the south should be appropriately elevated.
For the electricity sector, the NEA said market-oriented reform will be vigorously promoted this year, including the improvement of mid- and long- power trading mechanism and construction of the pilot spot market.
(Writing by Alex Guo Editing by Harry Huo)
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