China
        

From Chinese media

No electricity crisis in China: CEC

Updated: 2011-05-27 14:45

By Ben Yue (chinadaily.com.cn)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

The China Electricity Council (CEC) denied there is a countrywide electricity crisis, calling the situation a "regional, seasonal, occasional" shortage, China News Agency reported on Thursday.

Related readings:
No electricity crisis in China: CEC State Grid gives priority to daily electricity use
No electricity crisis in China: CEC Electricity firms get smart grid windfall
No electricity crisis in China: CEC Electricity consumption to grow 12% in 2011

CEC officials said the country's demand for electricity this summer will increase by 12 to 14 percent compared to last year. Provinces in the east and central regions of China will face a shortage of electricity, while provinces in the northeast and northwest will have a surplus.

Industries which consume high amounts of energy sparked the shortage. Insiders said those industries – which together used 30 percent of the energy consumed nationwide – will be the first target for the government's power rationing, China Securities Journal reported on Friday.

The newspaper also said people in the market are worried that a cut in energy may lift the prices of their products.

Experts from the CEC said they want to improve the cross-regional grid, which can quickly transport electricity generated in China's western regions to other regions across the country.

E-paper

Tapping into the future

Foreign companies are investing in China's water industry as many predict a growing profit margin.

Headhunters ride on growth
Commercial property rides wave
Learning from the past

European Edition

Specials

Truly a super woman

Li Yuchun first came to prominence in 2005 as the Super Girl winner, and since then has become an international star.

Pearls of wisdom

Chinese pearl farmers dominate the world market but now want to work smarter, not harder

Finding the true value

Limited access to qualified appraisers makes investing in antiques a risky proposition

Tying the knot
Cuisine central
Her story is history