China's Investment in Power Projects Reaches $6.55 Billion in 1Q09

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Researched by Industrial Info Resources (Sugar Land, Texas)--In the first quarter of 2009, China's investment in power projects reached $6.55 billion, and the capacity of newly commissioned power plants was 10.11 gigawatts, according to the Instant Statistic Report published by China Electricity Council on April 16, 2009.

Click on the image at right for a breakdown of major indicators of China's Power Industry in 1Q09.

The newly commissioned capacity of hydropower was 1,377.3 megawatts (MW); the newly commissioned capacity of thermal power was 8,214 MW; and the new commissioned capacity of wind power was 502.3 MW.

At of the end of March 2009, China's total installed capacity of power plants with generating capacities of 6 MW or more was 766,090 MW, an increase of 10.6% year over year. Of this, installed capacity of hydropower was 145,510 MW, an increase of 19.3%; thermal power was 601.21 MW, an increase of 8.2%; and nuclear power was 8,850 MW, which remained the same as the previous year.

In the first quarter of 2009, China's total investment in grid construction was $890 million. The capacity of newly commissioned transformer substations at 220 kilovolts or above reached 26.02 gigavolt-amperes, and the total length of newly commissioned transmission lines at 220 kilovolts or above was 2,832 kilometers.

In the first quarter of 2009, China's social investment in fixed assets reached $413.66 billion, an increase of 28.8% year over year:

• urban investments in fixed assets reached $346.50 billion, an increase of 28.6% year over year
• investments in rural areas was $67.16 billion, an increase of 29.4% year over year
• state-owned and state-controlled enterprises invested $147.59 billion, up 37.7%
• real estate development enterprises were valued at $71.76 billion, up 4.1%
• investments in the primary industries (agriculture, forestry, fisheries) reached $4.88 billion, up 85%
• investments in secondary industries (mining, manufacturing, electricity, water, gas) were $149.71 billion, up 26.8%
• investments in tertiary industries (hotels, services, insurance) were $191.91 billion, up 29.1% year over year.

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