China to be largest power equipment market

13 December 2004 - Delegates at a recent forum in Beijing on power equipment and investment have forecast that China will be the largest market for power equipment in the world.

At the forum, Dr Zhu Baohe, director of the energy and power research centre at the forum's host Guohai Securities, pointed out that with the basic balancing of power supply and demand in the coming years, investment on the power transmission and distribution would be the priority for Chinas power investment
policy.

Zhu noted that at present, the growth of investment on the building of power plants in the country is higher than that of power grid construction, showing a structural imbalance of power investment.

According to Zhu, it is expected that investment in power grid construction will be 110bn yuan ($13.2bn) in China in 2004, and such investment in 2005 will go up to 140 billion yuan. And in 2006, the amount of investment on power grid construction will surpass that in the building of power plants.

Sponsored by FLSmidth

Related Articles

Products

Collection of new products for the power generation markets.

Check out these highlights during Power Generation Week

More than 22,000 industry professionals from around the world gathered in Orlando for Power Generation Week, where innovative and cost-effective solutions for maintaining, operating and building new power generation were shared. More than 1,400 exhibiting companies from every sector of the industry showcased their products and services on the exhibit floor.

Follow Power Engineering on Twitter
Latest News

Regulator rejects Iberdrola plan to buy Connecticut utility

Connecticut regulators have taken a step toward rejecting a plan by Iberdrola, Spain's leadin...

Largest Southern Co. subsidiary enters rooftop solar market

The largest Southern Co. subsidiary will start selling and installing solar panels on homes W...

Wisconsin Supreme Court upholds wind turbine rules

The Wisconsin Supreme Court upheld the state's wind turbine construction rules Tuesday, sayin...

After mercury ruling, higher scrutiny of Obama climate rules

Sweeping pollution limits at the center of President Barack Obama's climate change plan are f...

Coal plant operator says Colstrip remains profitable for now

The formation of a new company to run Montana's largest power plant has raised questions amon...

Maryland natural gas-fired power plant begins operations

The 120-MW Perryman 6 natural gas-fired power unit in Maryland began commercial operation.

Austria delays filing nuclear plant subsidy complaint

The Austrian government said it would delay filing a legal complaint against subsidies for a ...

NRC begins special inspections of Ft. Calhoun nuclear power plant

The U.S. Nuclear Regulatory Commission (NRC) started a special inspection at the Fort Calhoun...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Categories

Buyers Guide Product Listings

Predictive Maintenance

IPS field service technicians use state-of-the-...

Mitsubishi Gas Turbines

Mitsubishi's advanced turbine technology includ...

Condition Monitoring

TIGER® Monitoring System automates the knowledg...

Turbine Services Limited

Turbine Services Limited, a wholly owned subsid...
Power Industry Wire News

Victory Energy Announces Settlement Agreement and Mutual Release With Lucas Energy

Victory Energy Announces Settlement Agreement and Mutual Release With Lucas Energy

ZBB Energy Urges Shareholders to Vote

ZBB Energy Urges Shareholders to Vote

Paragon Software Systems Named Top Green Supply Chain Provider

Paragon Software Systems Named Top Green Supply Chain Provider

Princeton Power Systems to Exhibit and Speak at the Intersolar North America Annual Conference

Princeton Power Systems to Exhibit and Speak at the Intersolar North America Annual Con...

W.S. Darley & Company Hosts Its Inaugural Charity Golf Tournament

W.S. Darley & Company Hosts Its Inaugural Charity Golf Tournament

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>