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.
