The Chinese mainland is lighting up the energy scene with bold steps to boost its private economy! ⚡ The National Energy Administration has unveiled a set of innovative measures aimed at accelerating the green, low-carbon transition across the energy sector.
These new measures empower private enterprises to invest in key infrastructure projects such as hydropower facilities, oil and gas storage, and liquefied natural gas terminals. At the same time, they encourage investment in emerging areas including new energy storage, virtual power plants, charging infrastructures, and smart microgrids.
The push doesn't stop there. Private enterprises are being urged to lead major technological innovations, embrace digitalization, and upgrade smartly to enhance renewable energy facilities and resource recycling technologies. Efforts are also underway to level the playing field by improving market access, streamlining approval procedures, and safeguarding the legitimate rights and interests of these businesses, both locally and internationally.
This dynamic initiative promises to transform the energy sector by boosting efficiency and competitiveness, paving the way for a cleaner, sustainable future. Stay tuned for more updates on this transformative journey!
Reference(s):
China promotes development of private economy in energy sector
cgtn.com
