Industry Analysis & Industry Trends
Power shortages, industry deregulation and the implementation of a market mechanism stimulated growth in China's power sector over recent years. These deregulation measures, combined with increases in the number of thermal power generation plants, contributed to growth in revenue for the Thermal Power Generation industry. Over the past five years, industry revenue has been growing at an annualized rate of 4.5%. In the past two years, hydroelectric power output increased strongly, which negatively affected thermal power generation, however. In 2015, revenue from the Thermal Power Generation industry in China was estimated at $233.3 billion, up 0.3% from 2014.
Thermal power generation accounted for about 75.4% of the country's total electricity generation in 2014, down from 83.2%.... purchase to read more
Industry Report - Industry Investment Chapter
Electricity generation involves the production of electricity, usually through the conversion of primary energy sources, such as coal and oil. It is a capital-intensive process, and the efficiency with which capital is employed has a major influence on generation costs.
The capital intensity level in this sector will increase in the future with the closure of small units. The government started readjusting the structure of the thermal power generation industry to increase production efficiency and improve environmental safety conditions.
In 2015, $2.47 is invested in capital equipment for each $1.00 spent on labor (including wages and management and administration costs)... purchase to read more