National plan for coal reserve bases soon

The State Council is drafting a national plan for coal reserve bases to build up a national coal reserve mechanism.

Qian Pingfan, from the Development Research Center of the State Council (DRC), told 21st Century Business Herald that they are working out schemes for the national coal reserve mechanism while a national network of coal reserves would be constituted.

Zhejiang and Shandong, the two major coal consuming provinces, have already started building pilot coal reserve bases.