China's State Planner Urges Coal Miners to Expand Production

BEIJING, Nov 16 (Reuters) - China's state planner on Thursday called for an expansion of coal production ahead of the winter peak demand season.

National Reform and Development Commission (NDRC) spokesperson Li Chao said in a press conference that the NDRC would strengthen coal production monitoring and encourage local governments and companies to expand coal output.

According to the NDRC, coal-fired power plants in most of China's regions will be able to recover around 30% of their capital costs between 2024 and 2025 (up to 50% in some regions). From 2026 onwards, the capacity payment rate will be increased to at least 50% in all regions of China.

Sources:Reuters, Nov 16 2023


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