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Tuesday, 7 June 2011

China Daily Articles, "China will expand solar power" and "China creates market for Russia energy exports"

China Daily
June 6, 2011

China will expand solar power

China will issue a five-year proposal to guide the country's renewable energy development, in which the goal for installed generating capacity of photovoltaic (PV) power is set at 10 gigawatts, China Securities Journal reported on Friday.

The report said the draft for the 12th Five-Year Plan period (2011-2015) has been submitted to the State Council for approval. The goal for solar power capacity generation is double that submitted in an earlier version.

Industry insiders said the plan also will promote the related industries such as polycrystalline silicon and PV component sectors, the newspaper reported.

The insiders also said China should give support to its PV industry and expand the domestic market, because it relies heavily on exports and will lose competitiveness when the importing country gives subsidies to its domestic PV sector.

China creates market for Russia energy exports

China's rapid economic growth creates a huge market for Russia's energy exports, said Chinese Vice-Premier Wang Qishan on Wednesday.

Economic development needs energy while energy exports have to look for markets, said Wang while visiting an oil field in Russia's Udermurt Republic on Wednesday.

Wang started his visit to Russia on Monday and attended the seventh round of the Sino-Russian energy negotiators' meeting.

Russia, which is rich in energy resources and enjoys advantages in such sectors as oil and gas exploration and extraction, as well as chemical industry, could be China's secure, long-term and reliable energy supplier, Wang said.

The vice-premier hailed China-Russia oil cooperation, noting that the joint adventure set up by Sinopec, China's oil giant, and Russia's Rosneft since 2006 has not only benefited the local people, but also China's companies.

Also on Wednesday, Wang met Rustam Minnikhanov, president of Russia's Tatarstan Republic.

During his stay in Russia, Wang also met with Russian Prime Minister Vladimir Putin in Moscow. After the meeting, the two nations signed a document on gas cooperation.


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