China to clean up illegal coal storage sites
China's state planner will conduct a "clean up and rectification" work on coal storage sites, it said in a statement.
The National Development and Reform Commission (NDRC) said that they will audit the many unlicensed coal storage sites in areas of Shanxi, Shaanxi and Inner Mongolia, "making it convenient for illegal traders to hoard coal," and "seriously disrupting" the operations in the market.
The NDRC added that those three areas must establish a reporting system for both legal and compliant coal storage sites.
Despite being the world's biggest producer and consumer of coal, China has faced power supply crunch due to distortion in the coal market.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More utilities news
BMW, Mercedes Add New Executives as Carmakers Tackle Crisis
Thames Water CEO Steers Away From Break Up After Covalis Bid
Germany Expecting Tight Power Conditions as Wind Output Falls
Nuclear Power Not Cost-Effective in Australia, Science Body Says
Vancouver Mayor Proposes Using Bitcoin in City Finances
Thames Water Gets £5 Billion Takeover Bid From Covalis
Lithium Powerhouse Chile Eyes New Lithium Extraction Methods
Aramco, Linde and SLB to build one of the largest CCS hubs globally
UK Nuclear Plants to Stay Online Longer in Clean-Power Boost
