Home Page | Photos | Video | Forum | Most Popular | Special Reports | Biz China Weekly
Make Us Your Home Page
China
Most Searched: Xi Jinping   Moon rover  ADIZ  Third plenary session  EU-China  

China levers aluminum smelters with tiered power prices

English.news.cn   2013-12-23 20:24:05            

BEIJING, Dec. 23 (Xinhua) -- China will impose a tiered power pricing system on aluminum smelters from Jan. 1 to cut overcapacity, the National Development and Reform Commission (NDRC) said on Monday.

Power prices will stay unchanged for smelters that do not use more than 13,700 kwh per tonne of aluminum. Those that use 13,700 kwh - 13,800 kwh will pay an additional 0.02 yuan per kwh, according to a joint statement by the NDRC and the Ministry of Industry and Information Technology (MIIT).

Smelters that consume more than 13,800 kwh per tonne will pay an additional 0.08 yuan per kwh.

The new regime aims to eliminate inefficient plants and promote restructuring in the industry, the statement said.

Similar measures are expected in other industries to force upgrades in the drive for sustained and healthy development. Enditem (1 yuan = 0.16 U.S. dollar)

Editor: An
分享
Related News
Home >> China            
Most Popular English Forum  
Top News  >>
Photos  >>
Video  >>
Top China News Latest News  
  Special Reports  >>
010020070750000000000000011106041329901671