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China puts GBP60bln into energy

Posted on 05 February 2009

From Guardian: China will spend 580bn yuan (£59.5bn) expanding its energy sector in 2009 with plans for new solar and wind-powered generating capacity, but also nuclear and coal-fired plants.

State-owned power companies were stepping up investment to meet growing demand and boost economic growth as part of a government stimulus plan, said Zhang Guobao, director of China’s National Energy Administration….. Full Article: Source


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