Development and Reform Commission: Transforming growth methods to promote energy diversification

Xu Dingming, director of the Energy Development Bureau of the National Development and Reform Commission, pointed out that in order to realize the "Eleventh Five-Year Plan" objectives, the relevant industries must adopt the two-way development strategy to improve energy efficiency and energy. Structural adjustments promote the diversification of energy composition and sources.
At the 2005 China Energy Investment Forum held recently, experts, scholars, government officials and business representatives at the conference generally agreed that in the face of the current severe shortage of energy and environmental degradation, China should implement a diversified supply strategy for energy construction.
At present, the rapid development of China's economy is severely constrained by energy shortages; on the other hand, the dependence on energy is also increasing. The relevant government departments have formulated relevant plans such as the Medium- and Long-Term Plan for Energy and the Medium- and Long-Term Plan for Energy Conservation. Recently, in the "Eleventh Five-Year Plan", the Party Central Committee clearly proposed to change the growth mode. By the end of the "Eleventh Five-Year Plan" period, the energy consumption per unit of GDP will be 20% lower than the "10th Five-Year Plan".
When talking about the problems of investment energy diversification, Zhou Dadi, director of the Energy Development Institute of the National Development and Reform Commission, believes that China's traditional primary energy shortage is severe, and nuclear power, natural gas and other energy forms are difficult to invest because of the systematic industrial chain. , often in a marginalized situation, should be given enough attention.
Li Bing of the Strategic Cooperation Department of the National Development and Investment Corporation analyzed from the perspective of enterprise efficiency. “At present, investment in the energy sector has entered a high-cost era. When investing in energy, we should not only consider the scale of investment, but should take the return and benefits of investment as construction projects. The basic starting point." Li Bing added, "SDIC has achieved 90% of its profits with 70% of its investment. In terms of investment, we adhere to basic and resource-based, and choose investment strategies based on specific projects."
As for the financing system of diversified development of energy companies, the energy experts of China Development Bank believe that the current loan financing of the energy and power industry is not difficult. Not only that, the central bank’s recent policy encourages energy companies to raise money through low-cost non-lending methods such as corporate bonds and short-term financing bills. He also reminded energy companies that are interested in “going out” should make more use of corporate financing and use project financing methods with caution.
The authenticity of this information has not been confirmed by the international electrical network, for your reference only.

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