NDRC and NEA issue guidance on energy security in 2020

On June 12, the National Development and Reform Commission and the National Energy Administration issued the Guiding Opinions on Ensuring Energy Security in 2020.
The Opinions propose to continuously optimize the coal production capacity structure.

On June 12, the National Development and Reform Commission and the National Energy Administration issued the Guiding Opinions on Ensuring Energy Security in 2020.

The Opinions propose to continuously optimize the coal production capacity structure.

It requires a withdrawal of a batch of coal backward production capacity in 2020. The number of coal mines will be controlled within 5,000, and the output of large coal bases will account for more than 96% of the national coal output.

The government will continue to build a diversified power production pattern.

In 2020, the installed capacity of conventional hydropower should reach about 340 million kilowatts, and the installed capacity of wind power and photovoltaic power generation should reach about 240 million kilowatts.

It will also actively promote stable domestic oil and gas production and increase production, and insist on “vigorously” enhancing domestic oil and gas exploration and development.

In addition, it will support enterprises to expand funding channels, and promote exploration and development investment to increase steadily through corporate bonds, increasing credit lines, and deepening reforms and expanding cooperation.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/28/ndrc-and-nea-issue-guidance-on-energy-security-in-2020/.

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