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coal investing

Coal-fired Plants to Close in Beijing to Reduce Emissions

Written by Teresa Matich
|
Mar. 24, 2015 10:13AM PST

Bloomberg reported that Beijing is planning to close the last of its major coal-fired power plants next year. The move comes as China continues to face pressure from abroad to reduce its carbon emissions.

Bloomberg reported that Beijing is planning to close the last of its major coal-fired power plants next year. The move comes as China continues to face pressure from abroad to reduce its carbon emissions.

As quoted in the publication:

The capital city will shutter China Huaneng Group Corp.’s 845-megawatt power plant in 2016, after last week closing plants owned by Guohua Electric Power Corp. and Beijing Energy Investment Holding Co., according to a statement Monday on the website of the city’s economic planning agency. A fourth major power plant, owned by China Datang Corp., was shut last year.

The facilities will be replaced by four gas-fired stations with capacity to supply 2.6 times more electricity than the coal plants. Once complete, the city’s power and its central heating will be entirely generated by clean energy, according to the Municipal Commission of Development and Reform.

Click here to read the full Bloomberg article.

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