China's total investment in thermal power construction last year fell to it...
FILE PHOTO: A man walks over a bridge as smoke rises from chimneys of a thermal power plant in Shanghai February 23, 2015. REUTERS/Carlos Barria/File Photo
The China Electricity Council , which represents power generators, plant builders and equipment manufacturers, said investment in new thermal power plants reached 78.6 billion yuan in 2018, down 8.3% on the year and amounting to 28% of total spending in the sector. Total power investment fell 3.9% on the year to 278.7 billion yuan. Spending on hydropower construction rose 12.7% to 70 billion yuan, while nuclear investment inched down 1.6% to 44.7 billion yuan.
China has vowed to reduce its dependence on polluting fossil fuels, and it aims to bring the share of coal in its overall energy mix to 58 percent by next year, down from 68.5% in 2012.
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