China to increase power infrastructure investments

China may have 1.44 TW of national installed power capacity at the end of the 12th Five-Year Plan period. The average annual growth rate is foreseen to be 8.5 percent. A China Electricity Council report on the 12th Five-Year Plan for the power industry estimates that national installed power capacity could total 1.89 TW in 2020, with an average annual growth rate of 5.6 percent.

According to the report, the installed capacity of non-fossil fuels will hit 474 GW in 2015, accounting for 33 percent of  total installed capacity. By 2020, the installed capacity of non-fossil fuels could hit 685 GW, accounting for 36.3 percent of total installed capacity.

The report added that investments on power infrastructure will total 5.3 trillion yuan during the 12th Five-Year period, up 68 percent from the 11th Five-Year Plan period.

Power generated by non-fossil fuels is projected to hit 1.52 trillion KWH by 2015, accounting for 24.1 percent of total power generation. By 2020, power generated by non-fossil fuels will hit 2.2 trillion KWH, accounting for 26.9 percent of total power generation.