China's investment in coal-fired power stood at 37.7 billion yuan ($5.73 bln) over January-October, falling 25.4% compared with the year-ago level, despite significant increase in the overall power investment, according to the National Energy Administration.
The country poured 347.1 billion yuan in power supply projects over the first ten months, soaring 47.1% year on year, with investment in renewable energy power generation rising remarkably.
Wind power investment surged 126.7% year on year to 183.5 billion yuan during the same period, and hydropower investment came in at 71.2 billion yuan, up 10.9%. Nuclear power investment dropped slightly by 0.4% to 25.9 billion, data showed.
China's power consumption advanced 1.8% year on year during January-October, with power growth of the tertiary industry – mainly the service sector – turning positive.
The average utilization of power generation equipment in China was registered at 3,064 hours, 93 hours less than the previous year, data showed.
The utilization of hydropower, nuclear power and wind power equipment increased by 80 hours, 59 hours and 39 hours respectively compared with the year-ago levels, while that of thermal power decreased significantly by 137 hours.
During the first ten months, new installed capacity reached 85.4 GW, up 14.22 GW year on year. Hydropower increased by 5.98 GW, thermal power up by 2.59 GW, and wind power by 3.63 GW, yet nuclear power decreased by 2.97 GW, data showed.
(Writing by Emma Yang Editing by Tammy Yang)
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