Enigin Update - China's Energy Conservation Measures Bite
CHINA'S energy demand growth is expected to slow in the last quarter of this year due to the country’s energy conservation efforts.
Senior Chinese official Wang Siqiang, a deputy director at the NEA, told reporters yesterday that energy demand is expected to be curbed further after slowing in the third quarter of the year.
In September, electricity demand from heavy industries fell 17.3% from August to 193.9 billion kWh, and the country's total electricity use dropped 12% from the previous month to 349.8 billion kWh in September as measures to cool the energy use bit, Wang said.
Severe measures were taken in several provinces of China in recent months, with traffic lights being dimmed or turned off and factories facing enforced black-outs, all to reach the target for reduction in energy intensity as part of the countries current five year plan.
In its five-year economic policy for 2006 to 2010, Beijing set a target of improving energy efficiency by 20% and has so far spent $19.3 billion on energy efficiency and environmental protection projects.
During the past four years China has phased out inefficient production capacity of 87.12 million tonnes of steel, 60.38 million tonnes of iron and 214 million tonnes of cement.
Enigin Distributors across Asia are already helping many businesses and organisations to reduce their energy demand and maintain production and service through use of Enigin PLC's energy efficiency technology, reducing demand, emissions and energy costs.
