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Friday, April 22, 2011

Predictions of Energy Requirements in China Raised Significantly

Link here.
China’s top energy industry regulator raised its forecast for the nation’s electricity demand in 2011 because of faster-than-estimated economic growth.

The country’s power use may increase as much as 12 percent to 4.69 trillion kilowatt-hours this year following a “good start” in economic expansion, the National Energy Administration said in a statement today. That compares with the 9 percent growth forecast made by the agency in January.
This is a huge story on many levels. Just four months ago, China predicted a 9 percent growth forecast; now that forecast has been raised 30 percent.

That is not trivial. 

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