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Chinese State Owned Enterprises all in on Environmental Goals

By District Energy posted 03-15-2023 11:05


China Daily


China's State-owned enterprises have been accelerating construction of new energy projects since the start of the year, from photovoltaic power stations to offshore wind farms, which, according to analysts and industry observers, are expected to become new engines driving the country's economic growth.

A large number of SOEs — including State Power Investment Corp, China National Nuclear Corp and State Grid Corp of China — have all kicked off new projects across the country right after Chinese New Year, as they increased investments in the green sector, in accordance with the government's pledge to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.

State Power Investment Corp kicked off construction of a nuclear heat transmission pipe network in February. As the support facility of the 900-megawatt nuclear power-based district heating project in Shandong province, the network, with a total investment of up to 700 million yuan ($102 million), will further facilitate the expansion of nuclear power-based heating projects to more areas nationwide so as to further reduce carbon emissions, it said.

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