China’s Energy Sector: Pipelines and Nuclear Power to Increase Domestic Demand

To increase the domestic demand in China, the energy sector plays an indispensible part. It is reported that certain energy infrastructure projects have been internally determined by the government, and will be formally initiated soon.

The Standing Committee of the State Council recently approved three energy related construction projects, which are two nuclear power projects (one as new construction, and the other as expansion) and one natural gas pipeline project (between Northern-Western part of China to Guangzhou and Hong Kong). The three projects amounted to a government investment of RMB188.5 billion in total.

Chinese energy experts anticipated, based on the above approvals, that pipelines and nuclear power projects would constitute the primary focus of China’s energy sector in the near future.
It is also reported that the Chinese government plans to invest RMB4 billion as fiscal support for rural and urban grid construction and/or transformation.