China intends to invest its power engineering despite crisis
Kazakhstan, Astana, April 21 / Trend K. Arinova /
Chinese investments in own power engineering will hit 18 trillion yuan by 2020, Kazakh electric power association chairman Shaymerden Urazalinov told media outlets.
"Chinese experience deserves attention because continues to invest in modernization and development of its energy branch in terms of financial crisis," Urazalinov said.
Roughly 42.3 billion yuan was allocated from Chinese budget-2008 to support implementation of 10 leading energy-conserving projects, the association head said.
Beginning from financial crisis in 2008 Chinese investment in wind-power engineering increased 88 percent, atomic energy - 72 percent, water-power - 19 percent," Urazalinov said.
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