Zhao Yonghui, managing director of Samsung Securities, said that due to the mainland government’s plan to reduce energy consumption per GDP unit by 16% during the “12th Five-Year Plan†period, it will stimulate a substantial increase in non-combustion coal energy investment in the Mainland. The company predicts that the overall power plant investment in the Mainland from 2011 to 2015 will increase by 77% to 3 trillion yuan (RMB, the same below), of which investment in non-combustion coal power equipment will increase to 893 billion yuan, equivalent to In 69% of the total investment in equipment, from 2016 to 2020, the expected investment is 3.6 trillion yuan.
Look forward to Dongfang Electric Power Co., Ltd.
Zhao Yonghui pointed out that this part of investment growth will benefit companies that are developing nuclear and wind energy. It is expected that the growth of such enterprises will increase by 3 times from 2011 to 2015. It is also expected that the focus of energy development in the Mainland will shift from high energy-consuming regions. To energy-rich regions. The company is most optimistic about Dongfang Electric (1072), Harbin Power (1133) and China Resources Power (0836).
The company’s report also stated that coal-fired power generation in the Mainland accounts for 59% of overall capital expenditures, and the unit cost of wind power and nuclear power is 5 to 6 times that of coal-fired power. The company expects the capital expenditure for nuclear power and wind power equipment to be 13,000. 100 million yuan. Zhao Yonghui pointed out that in China, there is a regional mismatch in energy supply and demand, and in order to use energy more effectively, investment in power plants will be used to approach energy-rich regions and generate electricity through the grid.
The report shows that China’s per capita electricity consumption is much lower than in developed countries, which was only 0.24 times that of the United States in 2010. However, according to the forecast of China Energy Research Association (CEC), by 2020, China’s per capita electricity consumption will increase to 0.42 times that of the United States.
Coal continues to dominate coal prices or up 10%
The company expects that due to the high nuclear energy utilization rate of 7,700 hours per year and wind energy of 2,000 hours per year, the share of nuclear energy in the overall energy source will increase from 2% in 2010 to 8% in 2020. The increase in wind power is lower. Coal-fired power plants will continue to dominate China's energy and the government will also encourage the construction of large-scale, high-efficiency power plants. For mainland coal prices, Zhao Yonghui pointed out that the price of contracted coal in the Mainland this year will be the same as last year, and the spot price may increase by 9% to 10%.
Look forward to Dongfang Electric Power Co., Ltd.
Zhao Yonghui pointed out that this part of investment growth will benefit companies that are developing nuclear and wind energy. It is expected that the growth of such enterprises will increase by 3 times from 2011 to 2015. It is also expected that the focus of energy development in the Mainland will shift from high energy-consuming regions. To energy-rich regions. The company is most optimistic about Dongfang Electric (1072), Harbin Power (1133) and China Resources Power (0836).
The company’s report also stated that coal-fired power generation in the Mainland accounts for 59% of overall capital expenditures, and the unit cost of wind power and nuclear power is 5 to 6 times that of coal-fired power. The company expects the capital expenditure for nuclear power and wind power equipment to be 13,000. 100 million yuan. Zhao Yonghui pointed out that in China, there is a regional mismatch in energy supply and demand, and in order to use energy more effectively, investment in power plants will be used to approach energy-rich regions and generate electricity through the grid.
The report shows that China’s per capita electricity consumption is much lower than in developed countries, which was only 0.24 times that of the United States in 2010. However, according to the forecast of China Energy Research Association (CEC), by 2020, China’s per capita electricity consumption will increase to 0.42 times that of the United States.
Coal continues to dominate coal prices or up 10%
The company expects that due to the high nuclear energy utilization rate of 7,700 hours per year and wind energy of 2,000 hours per year, the share of nuclear energy in the overall energy source will increase from 2% in 2010 to 8% in 2020. The increase in wind power is lower. Coal-fired power plants will continue to dominate China's energy and the government will also encourage the construction of large-scale, high-efficiency power plants. For mainland coal prices, Zhao Yonghui pointed out that the price of contracted coal in the Mainland this year will be the same as last year, and the spot price may increase by 9% to 10%.