the reason I am so high on APWR going forward is for the China stimulus spending……..
The official in Energy Bureau said that the plan on boosting new energy “will soon be released”.
With the oncoming release of the plan on boosting new energy and adjustment on relative development goals, it is predicted that in 2020, the overall investment on new energy will be over 3 trillion yuan.
This information is disclosed by Liang Zhipeng, the chief of New Energy Section, National Energy Bureau, in the fourth Renewable Energy Financial Forum held in Beijing yesterday.
Liang Zhipeng said, the new energy plan which is being made will only make arrangements for the next three years, instead of from 2009 to 2020 as the rumor in the market. He also said that the plan “will soon be released”.
It is said that the draft of the plan has already been completed, opinions from the representative enterprises and local development and reform departments have already been collected, and now opinions from ministries and commissions are being collected. At the end of last month, an official who was involved in the plan making told a CBN journalist that different sections of the plan had been assigned to related departments to compile. The comparison of these two pieces of information indicates that the plan is progressing very quickly.
“Some figures in the draft haven’t been confirmed, so it’s still not possible to calculate the investment in the following three years.” During the break of the forum, Liang Zhipeng told the reporters that a series of goals related will be dramatically changed since the development of new energy has gained great momentum in recent years. However, he refused to confirm the figures going aroud in the market.
Taking wind power electricity and solar energy power industry as an example, according to the “Middle and Long term Plan on Renewable Energy” released by the government in 2007, the installed capacity of these two industries in 2020 will be respectively 30 million kw. and 1.8 million kw.. However, Li Junfeng, vice director of Energy Research Institute, National Development and Reform Commission, who attended the forum yesterday, said that the two figures will respectively exceed 100 million kw. and 10million kw. by then.
However, Liang Zhifeng reminded, “Don’t excessively focus on the figures. The key is to nail down the development direction of new energy. As long as the direction is right and the conditions are provided, the government will not restrain your development”.