China will replace benchmark price with new “base price + 10% floating” mechanism for coal-fired plants

China will replace benchmark price with new “base price + 10% floating” mechanism for coal-fired plants

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.

China wind power generation increases by 265TWh between January and August 2019, a 10% YoY increase

China wind power generation increases by 265TWh between January and August 2019, a 10% YoY increase

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

SPIC 6GW non-subsidized onshore wind project starts construction

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

Yunnan Power Grid and Huawei sign a strategic cooperation agreement for smart grid development

Yunnan Power Grid and Huawei sign a strategic cooperation agreement for smart grid development

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)

Sinopec steps into the hydrogen business in China

Sinopec steps into the hydrogen business in China

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.

Siemens and SPIC kick off hydrogen cooperation in China

Siemens and SPIC kick off hydrogen cooperation in China

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)