Insights
- China's power generation increased 3.6 per cent YoY in July to 27.3 billion KWh/day.
- The growth rate was 0.8 percentage points higher than June.
- Various sectors saw growth: thermal power at 7.2 per cent, nuclear at 2.9 per cent, wind at 25 per cent, and solar at 6.4 per cent.
- In contrast, hydropower fell 17.5 per cent, a decrease narrower than June's.
China has reported a 3.6 per cent year-on-year increase in power generation for July 2023, reaching an average of 27.3 billion kilowatt-hour (KWh) per day, according to data from the National Bureau of Statistics (NBS). This marks a growth acceleration of 0.8 percentage points compared to June 2023.
The details provided by the NBS highlight a rise in several sectors of the energy industry. During July, thermal power output grew by 7.2 per cent, nuclear power by 2.9 per cent, wind power by a significant 25 per cent, and solar power by 6.4 per cent, compared to the same period last year.
In contrast, the country experienced a decline in hydropower output, which fell 17.5 per cent from a year earlier. Though significant, this decrease has narrowed compared to June, where it had been 16.4 percentage points higher, as per NBS.
China's power generation increased 3.6 per cent YoY in July to 27.3 billion KWh/day.
The growth rate was 0.8 percentage points higher than June.
Various sectors saw growth: thermal power at 7.2 per cent, nuclear at 2.9 per cent, wind at 25 per cent, and solar at 6.4 per cent.
In contrast, hydropower fell 17.5 per cent, a decrease narrower than June's.
Fibre2Fashion News Desk (DP)
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