Page 14 - AsiaElec Week 04 2021

AsiaElec NEWS IN BRIEF AsiaElec

land, aiming to achieve a forest coverage rate year, up 15 percent from 2019. percent.
of 19.5 per cent by 2025, the report said. It is the equivalent of reducing coal The company will also further enhance
Shanghai reported a 36-percent decrease consumption by 250 million metric tons and the trans-province clean energy power
in annual average PM2.5 density in the last carbon dioxide by 450 million tons, said the transmission, advancing consumption of
five years. In 2021, the city’s environmental company. clean energy and promoting electric power by
protection investment will account for about 3 State Grid said it will build a stable, safe innovating environmental protective power
percent of its GDP, Gong said. and economical power transmission channel grid technology, said Xin.
New energy vehicles are also the focus of to further absorb more clean energy, based State Grid has made efforts to reduce
low-carbon development in the next step, he on complementary multi-energy mix of overall renewable energy curtailment,
said, adding that Shanghai will set up 10,000 hydropower, wind power and photovoltaic by increasing the utilisation of ultrahigh
public charging piles in 2021 and 200,000 by in the country, said Xin Baoan, executive voltage lines, dispatching less coal power
2025. chairman of the Beijing-based central State- during off-peak hours, and facilitating
China has announced that it would strive owned enterprise. more interprovincial power deals, said
to bring carbon dioxide emissions to a peak As China has pledged to reach its peak Wei Hanyang, a power market analyst at
before 2030 and become carbon neutral carbon dioxide emissions by 2030 while BloombergNEF.
before 2060 to tackle climate change. striving to achieve carbon neutrality by In the future, less curtailment and higher
2060, the company would further optimise renewable integration would require more
its structure of the power sources and facilitation in grid-level and even inter-grid
take advantage of new energy, including collaboration, he said.
CHINA hydropower and nuclear, to come up with a
clean energy optimisation allocation platform,
State Grid boosts he said.
The company, which runs the majority of
generation China’s electricity distribution networks, has
also pledged to further increase utilisation
State Grid Corp of China, the world’s largest of renewable energy through technological
electricity company by power generation innovation.
capacity, said its new energy power generation So far, the new energy utilisation rate of
was around 588.4 billion kilowatt-hours last State Grid’s operating projects is around 97

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