PetroChina aims:tO bcm coat seam gas fr0m Erdos bv 2020— PetroChina aims for a fourteen一 percent drop in capacity utilization at charging posts,enabling 10 electric or slow mode simultaneously. hydropower plants,Dave Dai,a Hong buses to re—charge in either fast mode Kong——based analyst at CLSA Re—— search Ltd.,said in a report e—mailed onMarch26. It is understood that Tangshan in Hebei Province is a nationa1 desig- nated pilot city or energy conservatifon Hydro power generation account- ±old increase in coa】seam gas output from the east part of the Erdos basin ed for 17 percent or 616 billion kilo— hours of China’s total power yen— by 2020,part of plans to meet explod— watt ing Chinese gas demand,a senior company o币cial said on March 30 PetroChina plans to produce eration of 3.715 billion last year,while coal—fired utilities made uD 80 percent, Dai said.Nuclear power amounted to and new energy vehicles.It has worked hard to promote electric vehicles, with 100 electric buses planned to be commissioned for operation this year. North China Grid Corporation Tang- 10 billion cubic metres fbcm)of coal 2 percent. shan Power Company plaDS tO build 3 seam gas per year from the project by The drought affected 18 million charge stations and 36 charging posts 2020,Li Jingming,chief geologist at residents and 11.7 million head oflive— ofr electric vehicles to meet the need of PetroChina’s Coalbed Methane Unit. stock in the southwest region,causing development.Medium term construc— told an industry conference. direct economic losses of 23.7 billion tion plans for more charge stations “W have around 1.5 billion cubic yuan(¥3.47 billion),the Xinhua News are being drafted,providing reliable metres ofproduction capacity and out- Agency reported,citing the Ministry charging services for the city's electric put to amount to 700 to 800 million ofCivil Affairs. vehicle production proiects.(China cubic metres this year,”Li told report- Daton Coa1 Industry Co., E r vNet) ers on the sidelines of the conference. China's third—largest coal company by He said that it cost about two million capacity,advanced 6.1 percent to 36.73 yuan(¥300,000)to drill a wel1. yuan.Yanzhou Coal Mining Co., Huaneng pr9 mp onAfter a tripling in consump— the 1isted unit of the fourth biggest, cheaper coa1.hlI  ̄her OUtpUt。 tion in the past decade,Chinese gas climbed 5.6 percent to 20.65 yuan. Huaneng Power International demand is set for a similar iump by (Bloomber, ̄) Inc.,one of China’s five largest listed 2020 to make up nearly 10 percent of power generators,boosted its net prof- …………………∞ total energy use,from the present 4 percent. State Grid compteted first its in 2009 by 242.61 percent year— on-year to RMB 5.08 billion f¥743.78 State energy giant CNPC earlier s a dard targe_scale charge million),the company announced on this year raised its China gas demand station March 24. forecast for 2020 by halfto 300 bcm. construction on Tangshan Huaneng Power attributed the To meet the soaring demand, Nanhu Charge Station was complet- increase in profit to the drop in coal Chinese firms have been stepping up ed on the 21st ofMarch.It will be prices and higher power output in efforts to increase domestic gas pro— qualified for commercial operation 2009,according to its annual report. duction and to scour for overseas gas on the 30th of March.This is the The company generated 203.52 billion sources euters) ifrst standard large—scale electric ve- kilowatt hours(1 h)of electricity in hicle charge station in the State Grid 2009,representing an annual increase of 10.23 percent. Chinese Coat Stocks Rise as system,built by the North China The company’s business revenue Drought Boosts Demand Grid Company based on the typical State Grid design requirement and grew bv 10.45 percent year-on-year to china Shenhua Energy Co.1ed in line with the national standards, RMB 79.74 billion(¥11.67 billion)last gains among Chinese coal produc— sources reported. year.Huaneng Power said it plans to ers on expectanons the most severe As a first charge station up to generate 230 billion kWh of electriciyt droughts in southwest China will the State Grid Standard,construction in 2010,which would ensure mod— increase the demand for coal burned on Nanhu Charge Station started on est revenue growth if domestic power for electricity generation.according on the 9th of February.A11 facilities and prices remain stable this year. March 30. equipment meet the typical design However,the company warned Shenhua,the nation’s largest coal standards of the State Grid,and the that coal prices could experience some producer.climbed 3.2 percent to 29.O5 construction procedure comply with vo1atnitv due to丑uctuations in inter— yuan,the biggest advance since Feb. the management requirements of the nationa1 commodities prices and ship一 3.China Coa1 Energy Co..the second State Grid,making it a highlight and ngfees. largest,rose 3.1 percent to 11.83 yuan. model project.The charge station COD— Huanen Power’s A shares, The benchmark Shanghai Composite sists of a distribution station,charging which are listed on the Shanghai Stock Index added 2.1 percent. areas and a service hall,covering a Exchange,shed 0.41 percent to close Coal—fired power stations may total area of 2.166 square meters.It is at RMB 7.27(¥1.061 on March 24. need an additional 35 million metric equipped with 2 large DC chargers, Its earnings were in 1ine with analyst tons ofthe fuel to compensate for a 15 8 medium DC chargers and 10 AC f0recasts. 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