China’s electricity consumption is expected to grow 8.8 percent per year between 2011 and 2015, the China Electricity Council (CEC) said, adding that there will be a huge imbalance between supply and demand. The CEC said China’s electric power consumption would reach 514 million kilowatt-hours in 2012, up 9.5 percent year-on-year.
The estimated investment this year in the construction of electric power projects will be roughly the same as last year, at 739.3 billion RMB, according to the CEC. That includes 350 billion RMB invested in electric power resources, down 5.7 percent from 2011.
However, investment in clean energy projects will continue to rise over the next few years. By 2015, there will be 17 million kilowatts of newly added hydraulic power capacity and 3 million kilowatts of solar power, the CEC said.
Coal power output will be cut by 5 million kilowatts over the same period.
The CEC’s consumption estimates echo an earlier projection it made that China would face an electricity shortage of 30-40 million kilowatts this year alone.