China to Invest in Coal Gassification

by admin@namecake.com (John Daly)

First, the bad news for China’s economic miracle.According to a quarterly report issued last month by China’s China Electricity Council (CEC), some parts of China will experience severe blackouts this summer as the result of an electricity shortage of 30-40 million kilowatt hours. The CEC warned, "The shortage will hit about 30 million kilowatt hours during summer peak days and may expand to 40 million kilowatt hours if heat waves persist," with China's more developed eastern and southern regions bearing the brunt of the shortages.…Read more...