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Energy development plan to be fixed by March

By Gao Yuan (chinadaily.com.cn)
Updated: 2011-03-14 15:16
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China's energy development strategy for the 12th Five-Year Plan (2011-2015) will focus on a structural adjustment of its energy resources, China Securities News reported Monday, citing a top official at the National Energy Administration (NEA).

The new plan will include several plans to develop of petroleum gas, electricity and new energy, Qian Zhiming, deputy director of the NEA, told the newspaper, adding the plan will be completed by the end of March.

Qian said the plan will urge domestic energy companies to acquire key technologies and industries, to speed up the restructuring of the energy business and to support development of "new energy" resources.

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A blueprint to develop new energy sectors such as wind power, solar power, biomass energy, smart grids and coal bed gas will be included in the plan, he said.

The use of non-fossil fuels may be increased to 15 percent by 2020, the newspaper reported, adding that international partnerships also will be enhanced.

Meanwhile, the NEA is also drawing up a five-year blueprint for China's energy science and technology development, according to the report.

Insiders said that the structural adjustment plan is positive news for the nation's new energy industries, paving the way for faster development of those industries during the 12th Five-Year Plan (2011-2015) period.

With the proportion of coal power continuing to decline in the country's energy structure, the coal and thermal power industries will also experience a stable development era, the newspaper reported.