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New energy seen as new growth engine

创建日期 2009-07-08 查看次数 1180

 

New energy seen as new growth engine

 

New energy is the focus of a two-tier program that involves the investment of trillions of Yuan to add zip to the economy, a senior official said yesterday. Liu Qi, deputy director of the National Energy Administration, said new energy output is likely to exceed the targets set by the nation's overall energy plan (announced in 2006) and the renewableenergy plan (released in 2007). The first phase of the program covers a strategic shift in three years to nuclear, solar, wind, biomass power and clean coal technologies - with investment opportunities worth as much as 3 trillion Yuan ($439 billion), he said. Phase 2 encompasses the period up to 2020 and will entail far more investment.
 
(from MEP Express Vol.19 on June 8, 2009)