Beijing to build 5 coal reserve bases

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

30 Jan 2010

Beijing will soon release its plans for local coal reserve bases, which will likely be built in Changping, Fangshan, Miyun, Daxing and Shunyi, according to the Beijing Development and Reform Commission.
The scale of the coal reserve bases will be based on 10% of Beijing’s annual coal consumption, said Deng Minshan, chief of the Economic Operations Department of the commission, adding that the total coal capacity is likely to be around 3 million tons, since Beijing’s annual coal consumption is about 30 million tons at present.
Deng also said that construction of the bases will mainly depend on market investment and enterprise operation, but that the government will provide subsidies.
Because some suburbs, like Miyun, still rely on coal for heat, the government decided to build coal reserve bases to ensure a steady coal supply, Deng said.

Source: China Knowledge