Home / Business / Energy Tools: Save | Print | E-mail | Most Read | Comment
National strategic coal reserve plan to be implemented
Adjust font size:

China Shenhua Energy Company, the nation's top coal producer, said Tuesday that China has begun to implement plans to create its first national strategic coal reserve, the Jinghua Times reported.

A series of brutal snow storms in 2008 severely affected the production and transport of coal for generating electricity, and as a result, many provinces had power supply problems. Plans to create the new reserve are part of an effort to avoid similar problems.

Zhang Xiwu, Shenhua's chairman, said that Shenhua is now selecting sites and the total planned reserve will be around 30 million tons.

A coal market analyst with the China Coal Trade and Development Association, Li Chaolin, said, a reserve of 20 to 30 million tons is still big enough to stabilize the market when it faces a short term shortage of coal, even though the country's national demand is much, much larger than that.

(chinadaily.com.cn September 2, 2009)


Tools: Save | Print | E-mail | Most Read Bookmark and Share
Pet Name
China Archives
Related >>
- Shenhua to set up coal reserves
- Shenhua to invest US$5.27b in Xinjiang to expand coal output
- Shenhua's coal-to-oil project to start trial operation in July
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

September 8-12 Xiamen China Int'l Fair for Investment and Trade
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?