Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Aug. 26 (Xinhua) — During the implementation period of the 14th Five-Year Plan (2021-2025), the average annual growth rate of investment in the fuel and energy industry (FEI) in China was more than 16 percent, Wan Jinsong, vice director of the National Energy Administration, said at a press conference on Tuesday.
In particular, investments in the production and supply of electric and thermal energy increased annually by an average of 20 percent and higher, which became a dynamic driver of stable growth in the energy sector.
According to statistics, in 2024, major renewable energy projects accounted for over 80% of the total investment in power grid construction and operation. The investment in new-type energy storage systems, battery charging and replacement infrastructure facilities, hydrogen energy, and the integration of the power system, power grid, power load, and energy storage amounted to nearly 200 billion yuan (about 98 billion US dollars). -0-
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