EnergyWatch

China may waste USD 490 billion on unnecessary coal plants

As of July, China had 895 gigawatts of operating coal capacity being utilized less than half the time, and now the country risks wasting USD 490 billion on building more coal power plants.

China risks wasting USD 490 billion by building more coal power plants than it needs as power demand growth slows and more environmentally-friendly sources squeeze coal generation out of the power mix, according to a study from an environmental think tank.

As of July, the country had 895 gigawatts of operating coal capacity being utilized less than half the time, with another 205 gigawatts under construction, London-based Carbon Tracker Initiative said in the report.

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