Good Lord! And Australia playing "useful idiot" with its Net Zero policy and shutting down coal-fired power stations. ITMT it exports thermal coal to RoW to fire up cheap electricity. Who's winning? Not us.
Chinese Firms Speed Up Plans to Build New Coal Power Plants
Chinese firms are accelerating the pace at which they propose new coal-fired power plants, even as the government moves to rein in growth after the rapid expansion in recent years.
Companies requested approval for 51 gigawatts of new plants in the first quarter of the year, according to Global Energy Monitor, ahead of the record pace set in 2025 that saw 162 gigawatts of new proposals over the full year. Construction has boomed since a spate of power shortages in 2021 and 2022 as the government touts coal’s role as a reliable back-up to intermittent renewables. (Bloomberg)