Energy Insider: China Starts Trial of Clean Power Trading
In today’s Caixin energy news wrap: China offers preferential transport prices for certain fertilizer products to reduce costs; Southern Power Grid unveils plan to support Guangdong-Macao cooperation zone; domestic flights plunged in August amid mounting outbreak fears.
China initiates pilot program for clean power trading
China started a clean power trading trial Tuesday with 7.9 billion kilowatt-hours involved on the first day. Trading prices for electricity in the new pilot program are 0.03-0.05 yuan per kilowatt-hour higher than average prices for medium and long-term power supply contracts. The premium will be used in the development of green power projects, according to the National Development and Reform Commission (NDRC). The trial, which includes only wind and solar power for now, will expand to add hydropower and other renewable energy markets later, the NDRC said.
Chongqing Three Gorges Water Conservancy to shut down manganese subsidiary
Shanghai-traded Chongqing Three Gorges Water Conservancy and Electric Power Co. plans to shut down its electrolytic manganese subsidiary Chongqing Manganese, the company said Tuesday. Although the closing is projected to cause a loss of 164 million yuan ($25.4 million), the initiative might also win government subsidies and support under pollution-reduction initiatives.
Domestic flights fell 40% in August on virus fears
The average number of flights operated daily in China in August fell 39.9% to 7,400 from July amid a new wave of Covid-19 infections across China. The number of monthly flights was just 60% of the 2019 level.
Pinggao Group collaborates with CALB on energy storage
Pinggao Group Co. Ltd., a State Grid Corp. of China unit, signed a strategic cooperation agreement on energy storage with China Lithium Battery Technology Co. Ltd. (CALB). The two companies said they plan to collaborate on research and implementation of energy storage technology and on providing low-emission energy solutions.
China cuts transport prices for certain fertilizer products
The National Development and Reform Commission designated eight types of fertilizer for preferential railway tariffs to stabilize fertilizer supply and prices. The policy will save agricultural sectors about 2.5 billion yuan ($387 million) of transport costs, the commission estimated.
Southern Grid to supply clean energy for Guangdong-Macao cooperation zone
China Southern Power Grid Co. Ltd. plans to launch three pilot projects with highly reliable power supply, digital power grid, and clean energy over the next five years to support the development of Guangdong-Macao cooperation zone in Hengqin. The cooperation zone is part of regional integration efforts under the Guangdong-Hong Kong-Macao Greater Bay Area initiative. According to the plan, the company will also invest in research and development of offshore wind power transmission and net-zero emission buildings.
Kstar plans to take control of energy storage venture with CATL
Shenzhen Kstar Science and Technology Co. Ltd. said it plans to buy 31% of a joint venture from Contemporary Amperex Technology Co. Ltd. (CATL). The CATL-Kstar operation will then become a wholly owned subsidiary of Shenzhen Kstar and serve as its energy storage venture.
Inner Mongolia to build 10 million kilowatts of wind and solar power
North China’s Inner Mongolia plans to build centralized wind power generation facilities with installed capacity of 3.8 million kilowatts this year, along with solar power projects with a capacity of 6.2 million kilowatts, according to the provincial government. The region is the home of high-emission industries including steelmaking, nonferrous metals and mining. With abundant wind and solar resources, Inner Mongolia also has the largest wind power capacity in China.
CEEC starts commercial operation of coal power plant in Dubai
China Energy Engineering Corp. (CEEC) said Unit 2 of its clean coal power plant in Dubai started commercial operation Sunday. Designed by CEEC’s Northeast Institute and built by its Tianjin subsidiary, the plant owns four ultra-supercritical units with installed capacity of 600 megawatts each.
Contact editors Han Wei (email@example.com) and Bob Simison (firstname.lastname@example.org)
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