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China Will Guarantee Financial Support for Coal-Fired Power Plants

November 10, 2023

A government agency in China announced that operators of coal-fired power plants will receive guaranteed payments based on the installed capacity of their units, part of a program to ensure a stable power supply across the country.

The National Development and Reform Commission (NDRC), in a notice published Nov. 10, said the program will commence on Jan. 1, 2024. China continues to expand its coal-fired power generation capacity even as it grows the world’s largest portfolio of renewable energy.

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