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.
BY CHISAKI WATANABE, BLOOMBERG
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.
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