Insight
| |
5 Pages

China sets high target for coal power capacity cuts


China sets high target for coal power capacity cuts

Report summary

China is pushing harder than ever before to cut excess coal power capacity, to prevent the imminent risks from overcapacity reaching a critical point. A series of measures have been announced to tighten up enforcement and support – with outdated coal-fired power plants ordered to close and new projects put on hold or even cancelled. The latest government-issued list targets 106 GW to be cancelled or deferred and 5 GW to be decommissioned. With a similar list issued in January, the total suspended capacity could reach 190 GW. Coal-rich provinces such as Shanxi and Inner Mongolia will bear the brunt. In this campaign, environmental policies are playing a bigger role in determining the scale of capacity rationalisation. Nevertheless, how to manage the financial fallout as a result of the mass suspensions could prove a key challenge to the supply-side reform’s agenda. 

What's included?

This report includes 1 file(s)

  • China sets high target for coal power capacity cuts PDF - 600.47 KB 5 Pages, 0 Tables, 4 Figures

Description

This Power Markets Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues within the power industry, this report gives you an expert opinion and analysis to help inform your decision making.

Wood Mackenzie's detailed analysis and reliable market forecasts provide a strong reference, enabling a quick and concise description about the relationship between this event and its implications.

Underpinned by our extensive gas, coal and oil markets research, Wood Mackenzie's detailed analysis and reliable market forecasts provide a reliable foundation for investments and corporate planning. We help you understand key regulatory and economic drivers, and emerging industry trends in the power industry.

  • Executive summary
    • China has extended its capacity cut effort into coal-fired power...
    • …the latest move sets a high target and calls for more stringent enforcement
    • Environmental policies have a bigger influence on capacity cuts
    • Tackling the financial fallout could remain a key challenge
      • Coal economics sensitivities to coal prices and utilisation levels

In this report there are 4 tables or charts, including:

  • Executive summary
    • Evolution of China’s coal power capacity cut policies since 2016
    • Total announced capacity cut and deferral since 2016
    • China will cap its 2020 coal-fired power capacity below 1,100 GW
    • China sets high target for coal power capacity cuts: Image 4
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...