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China’s government has taken a number of steps to reform its energy sector, diversify the number of actors and increase the role of market forces. However, the state retains a dominant position in the sector and so the impact of the reforms is likely to be less than hoped. Philip Andrews-Speed has been a Principal Fellow at the Energy Studies Institute (ESI) of the National University of Singapore since 2012. Until 2010 he was Professor of Energy Policy at the University of Dundee and Director of the Centre of Energ

State Grid Corporation and China Southern Power Grid (CSG), two leading state-owned electric utilities in the country all reported profit slump during the first quarter. State Grid bagged a total 568.88 billion ($80.41 billion) yuan of revenue during the first three months, down 8.85% from a year ago, according to its quarterly financial statement released lately. It also reported a net loss of 920 million yuan during the same period, a sharp fall of 106.03% from net profit of 15.3 billion yuan in 2019........ Read More

Construction of Chinese built and financed coal projects continues as existing power plants stand idle. The 6.6 gigawatt Hamrawein coal power proposal in Egypt has been shelved because of over-capacity concerns and a growing preference for renewable energy. Hamrawein was a proposal led by a consortium of China’s Shanghai Electric, Dongfang Electric and Egypt’s Hassan Allam Construction. The indefinite postponement of the enormous Belt and Road project, which would have been the second largest coal-fired power plant in the world, is a timely warning for other BRI countries planning greater reliance on coal power......... Read More