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Last updated at: (Beijing Time) Thursday, March 11, 2004

Zhejiang to ease power shortage by 2007

East China's Zhejiang Province, one of the country's leading economic powerhouses, has decided to invest 50 billion yuan (more than six billion US dollars) in power plant and grid construction, in a bid to ease local power shortage by 2007.


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East China's Zhejiang Province, one of the country's leading economic powerhouses, has decided to invest 50 billion yuan (more than six billion US dollars) in power plant and grid construction, in a bid to ease local power shortage by 2007.

Zhejiang is expected to generate 133 billion kwh of electricity this year, 20 billion kwh less than the estimated demand.

The huge investment will be used in power plants with a combined installed capacity of 1.28 million kw and a safe and environmentally-friendly 500-kv power network.

The province has also simplified the procedures on the ratification of new power projects, speeding up local constructionof power plants.


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