Policy

China to unveil $739b 'new energy' plan soon

(Agencies)
Updated: 2010-08-09 11:32

China will soon publish a plan for what it called "newly developing energy industries" that will involve 5 trillion yuan ($739 billion) in investment through 2020, the China Securities Journal reported on Monday.

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The plan has been approved by the National Development and Reform Commission and will be submitted to the State Council for approval, the newspaper report said, citing information from the State Information Center.

The newly developing energy industries include nuclear, wind, solar and biomass energy, as well as clean coal, smart grid, distributed energy and new energy sources for vehicles, officials with the National Energy Administration have said.