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EXECUTIVE SUMMARY
In the first half of year 2002, the general situation of power
supply and demand in China is basically in balance, but there
are big disparities in different areas. In local electric
networks in the coastal developed areas in Southeast China,
limitation on power use still exists due to unmatched capability
of power conveyance and supply of the power networks.
In the aspect of power supply, the total power production in the
first half of this year is 741.4 billion kwh, increased by 8.8%.
Among this, waterpower is 108.7 billion kwh, increased by only
0.5%, heat power 622.9 billion kwh, increased by 10.3%, and
nuclear power 9.2 billion kwh, decreased by 11.7%. The average
utilization hour of power generating equipments increases by 57
hours compared with that in the same period of last year, and
the number of utilization hours for her power generating
equipments increases by 93 hours.
In the aspect of power demand, the total social power
consumption in the first half of year 2002 is 739.2 billion kwh,
increased by 8.9% and having an increase of 02 percentage point
in growth. The corresponding growth in power consumption are
2.5%, 9.2%, 11.4% and 7.0% respectively for the first, second,
third industries and residents living, with a contributory rate
to social power growth of 1.1%, 74.2%, 14.4% and 10.3%
respectively. Seen from different areas, power consumption in
East and West China continue to grow rapidly while that in
Middle China goes down to some extent and in Northeast China
there appears negative growth in power consumption. The major
characteristics of national power supply and demand situation in
the first half of this year are the following, part areas have
improper electric source; growth rate of utmost electric peak
loan continuously exceed that of power consumption; power demand
grows too fast but power supply in the area cannot meet the
demand; regional differential exist in national power supply.
Fixed assets investment in power industry grows to small extent.
In the first half of this year, Chinese power industry finalizes
a fixed assets investment of 60.9 billion Yuan, correspondingly
increased by 1.1%. Among this, investment on infrastructure
construction is 40.8 billion Yuan, correspondingly increased by
33.2% and investment on reforms of urban and rural electric
networks is 2.6 billion Yuan, correspondingly decreased by 36.7%
with the first-phase projects basically finished. The
construction and transformation projects of urban and rural
electric networks are sped up, finalizing accumulatively an
investment 93.4% of total investment.
The general electricity price for end used is on a rising trend
in the 90¡¯s, but it is rapidly declining in the new century due
to measures like transformation of rural electric networks.
Energy supply and its change don¡¯t have great impact on power
industry. In the first half of this year, the growth of coal
price falls back to some extent, so the short coal supply for
power generation also eases up and the coal stock is quite
adequate. Also the changes in domestic and overseas oil market
don¡¯t produce great impact on power supply and demand.
It is predicted that the growth rate of social power consumption
is 9.2% and 8.0% respectively in the third and fourth season of
year 2002, and the accumulated growth rate of power consumption
is respectively 9.0% and 8.7% in the two seasons. The estimated
growth rate of social power consumption is about 8.7% in a whole
year and the power consumption will reach 1.6 trillion kwh.
It is predicted that the growth rate of power demand will be
about 7.5% in year 2003, lower than that in year 2002.
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