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                China aims to install pumped capacity 60GW during 2016-2020
                Wang C.S  2019.01.14



                China is looking to speed up the construction of pumped storage power plants, aiming for 60 GW of newly installed pumped capacity between 2016 and 2020, with 40 GW of pumped capacity in operation in the period.

                The State Grid had 19.23 GW of pumped storage power plants in operation and 30.15 GW under construction in 2018. Analysts said the State Grid, as well as other grid companies, are likely to raise their investments in pumped storage in the coming years.

                The companies are likely to increase such capacity because it is critical for grid balance given the massive amounts of additional intermittent power generation, including solar and wind, being commissioned, said Joseph Jacobelli, a senior analyst of Asian utilities at Bloomberg Intelligence.

                 
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                HongDa Industrial plans to invest rare earth new materials processing and application project in Baotou

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