The installed capacity of thermal power plants in China was 1,144 GW at end-2018, representing 60.2% of the country’s total capacity, having increased by 3% y/y. Both the share in total capacity and the y/y growth rate have been slowing down in recent years, in line with the country’s decarbonisation strategy and targets. In terms of investment in the Chinese electricity sector, the thermal sources recorded an 8.3% y/y decline in investment to RMB 78.6bn in 2018, from RMB 85.8bn in 2017. The ongoing replacement of thermal power by renewable energy in China can be gauged by the fact that in 2018, out of a total 128 GW newly added installed capacity in China’s electricity sector, 73% went to renewable energy capacity. The thermal electricity in China is almost entirely generated by coal-fired power plants.

01 EXECUTIVE SUMMARY

02 SECTOR OUTLOOK 

03 SECTOR IN FOCUS 

04 COMPETITIVE LANDSCAPE

05 COMPANIES IN FOCUS

06 REGULATORY ENVIRONMENT 

07 THERMAL POWER

08 HYDROPOWER

09 RENEWABLES

10 NUCLEAR POWER