In order to deepen the deployment of the power system reform, and accelerate the reform in a way that promotes the establishment of a market-oriented electricity price determination mechanism, the old mechanism which relied on a fixed regional coal benchmark price, will be abolished.

By the end of August 2019, national power consumption totaled 4,742TWh, an increase of 4.4%.

SPIC’s unsubsidized 6GW onshore wind project located in Ulanqab, West IMAR, has begun construction.

Through this new agreement, the two sides will strengthen joint innovation to improve the intelligence level of power grid equipment and therefore accelerate the transformation of Yunnan Power Grid into a smart grid operator, a key link in the value chain of the power industry and a growingly important player as service provider to the energy ecosystem. (Yunnan CN)

At its mid-year business review press conference, Sinopec has revealed that it currently has a hydrogen production capacity of about 3 million tons/year, including both thermochemical and electrolytic processes, making the companyone of the leaders in the Chinese market.

On September 6, under the joint witness of the leaders of China and Germany, Joe Kaeser, the President and CEO of Siemens AG, and Qian Zhimin, Chairman of the State Power Investment Group Co., Ltd. (SPIC)