14 energy projects approved in the first quarter

14 energy projects approved in the first quarter It is reported that in the first quarter of the National Development and Reform Commission's website, a total of 21 construction projects were publicly approved, of which 14 were energy projects involving coal, natural gas, hydropower and wind power.

According to the resource endowments and market characteristics of various regions, the projects approved by the National Development and Reform Commission are different due to different types of resources. The provinces where the projects are located also spread all over the country. In the first quarter of the new approval projects, more than half of the energy projects have triggered market concerns. After calculation, the amount of investment in energy projects announced has reached 35 billion yuan. It is noteworthy that there are 6 coal mine projects in this batch of projects, of which 5 are in Inner Mongolia and 1 in Shaanxi. The construction scale of the mine is between 4 million tons and 10 million tons/year, and the investment amount is between 2.86 billion and 6 billion yuan (excluding the mining rights price).

In addition to the newly approved coal mine projects, the natural gas projects of the two central SOEs have also been approved: CNOOC Yuedong LNG Project and CNPC Taixing-Furong Natural Gas Pipeline Project have all been approved. Along with these two projects, there are also two oilfield exploration and development projects of PetroChina and Sinochem. They are the 40% equity project of PetroChina’s acquisition of the Dover oil sands project of the Canadian Athabasca oil sands company and Sinochem’s Brazilian company. The Greggino Oilfield Exploration and Development Project.

In addition, the National Development and Reform Commission recently approved two wind power projects and two hydropower projects. The wind power projects are located in Chifeng and Jiangsu, Inner Mongolia. The installed capacity is 100,000 KW and 80,000 KW, and the hydropower projects are located in Yunnan and Hainan respectively.

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