The International Energy Agency (IEA) estimates Tuesday in its latest World Energy Outlook that China's electricity demand will grow by 4.5 percent annually until the year 2030 - a speed second only to those in India and Indonesia.

The IEA also predicts that assuming economic growth rate is 3.2 percent the global electricity demand would grow by 2.5 percent in average.

"China must act to stimulate investment in electricity industry and raise funds for the electricity-developing projects that require $2 billion of funds, so as to meet the continuously growing electricity demand.", said the IEA in its report.

The IEA also said according to current estimate China's electricity generation needs to reach the level of the US by 2030. Currently the US' electricity generating capacity is more than double that of China.

"If (China) wants to get rid of its current electricity shortage it must accelerate the construction pace of new power stations. In the meantime it should raise the utilization rate of energy sources, particularly in the industrial field, so as to control the growth of electricity demand.", the IEA suggests in its report.

By People's Daily Online