In the past 18 months, China has started more new coal-fired power plants than the US has built in the past half century. Provinces suffering from blackouts and electricity shortages due to the boom..
In the past 18 months, China has started more new coal-fired power plants than the US has built in the past half century. Provinces suffering from blackouts and electricity shortages due to the booming economy have embarked on construction of 100,000 MW of new coal-fired capacity at a cost of $120 billion, according to an analysis from the McIlvaine Company.
"The impact of this huge endeavor on the power plant, air pollution control and even general process equipment markets will be both substantial and long-lasting," says this study. It will cause shortages in materials and labor worldwide. The market structure is also predicted to change permanently, with China moving to the c
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