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China's booming economy could be running out of steam – literally.
At the end of a cold and stormy winter, the country has just 12 days of coal reserves at most power stations. Some provinces, including Hebei, bordering Beijing, have less than a week's coal left. This is a record low, the state electricity regulatory commission revealed on Tuesday.
Originally posted by MikeboydUS
Nuclear Reactors are an idea, but they take years to build.
Under plans already announced, China intends to spend $50 billion to build 32 nuclear plants by 2020. Some analysts say the country will build 300 more by the middle of the century. That's not much less than the generating power of all the nuclear plants in the world today. Source
CHINA only has enough coal for 12 days of consumption, three days less than a month ago, state media reported Wednesday, sounding the alarm bells over the nation's most important source of energy.
In certain parts of China, such as densely populated Hebei province in the north, reserves are down to less than a week, Xinhua news agency reported, citing the China Electricity Regulatory Commission.
In the period since early March, coal reserves have slumped by 12 per cent to 46.7 million tonnes, according to the commission.
Reasons for the shortage were "multi-dimensional," the commission was quoted as saying, without elaborating.
Demand for coal has risen rapidly since China experienced brown-outs early this decade, motivating a construction frenzy in the power industry, with large numbers of new coal-fired plants emerging across the country.
China counts on coal for about 70 per cent of its energy consumption, a proportion that has stayed almost unchanged for the past nearly three decades despite a skyrocketing rise in demand for power.
Originally posted by MikeboydUS
reply to post by shizzle5150
New Scientist is a pretty reliable new source, I can't imagine them publishing false info.
The story is being carried by major news organizations and spreading.
There's 44 articles of it on Google News.
I tried to post a link, but it did not work. Just go to google and type in Coal, 12 days and China.
[edit on 25/4/08 by MikeboydUS]
Originally posted by MikeboydUS
I can't even imagine whats next.