Shanghai: Any thoughts that China will dramatically shift away from coal as its primary source of electricity generation in the coming years have been dispelled in a new report out today.
New analysis from Frost & Sullivan finds that China is expected to have unprecedented growth with about 945 GW and 1,040 GW of total coal-fired capacity in 2020 and 2030, respectively.
"China, India, and the rest of Asia are the key focus areas for coal-fired investment in the coming decade," explained Frost & Sullivan Industry Director Harald Thaler. "Strong projected electricity demand growth and low production costs make the region attractive for both domestic and global participants." [29/06/12]