Friday, May 25, 2012

China speeds up approval for large hydropower projects

China speeds up approval for large hydropower projects
Xinhua News Agency
May 24, 2012

BEIJING, May 24 - Datang's 3-milllion-kilowatt Guanyinyan hydropower
project in southwest China's Yunnan province was nodded by the National
Development and Reform Commission (NDRC), indicating a speeding approval
for large hydropower projects in China this year.

Under the great pressure of downward economy, a bunch of hydropower
projects are expected to be approved in the second half of 2012, said

Apart from Datang's project, the NDRC has also approved the 772MW Angu
hydropower plant, 720MW Zhentouba primary hydropower plant, and
Shangping secondary hydropower plant since March 2012.

The speeding development of hydropower industry is also mirrored by
increasing investment. According to statistics by the National Energy
Administration, China's investment in power generating rose 18.3 percent
on year to 72.4 billion yuan in the first quarter of 2012, including
27.6 billion yuan in hydropower, up 78.06 percent on year.

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