In the list of 8 countries receiving the most Chinese investment capital in the coal power industry, Vietnam ranked 4th with a total capital of 5.6 billion USD.
At the United Nations General Assembly in New York earlier this week, Chinese President Xi Jinping announced that Beijing will not build new coal power plants abroad to reduce global greenhouse gas emissions. bridge.
In his speech, Mr. Xi emphasized: “China will increase support for developing countries to build green energy projects with low greenhouse gas emissions. At the same time, we will not invest. more coal-fired power projects abroad”.
The details of the plan have not been released, but it is highly likely that Beijing will stop pouring capital into coal power plants as it has done through the Belt and Road Initiative.
Using the data of the Global Energy Monitoring Organization, Statista has compiled a list of 8 countries receiving the most Chinese investment in the coal power industry. All figures are as of September this year.
It seems that China has been very active in pouring capital into Indonesia, when this Southeast Asian country received a total of more than $ 15.6 billion for coal power plants, with a capacity of about 9,724 megawatts.
Behind Indonesia are Bangladesh, Pakistan, South Africa, Turkey, UAE and Zimbabwe. Vietnam alone ranked fourth, attracting a total of $5.6 billion in capital from the world’s second-largest economy.
However, Beijing’s investment in coal power is not limited to developing countries. UK’s Drax coal power plant received around $36 million in funding from the Industrial and Commercial Bank of China (ICBC) in 2015. In addition, ICBC refinanced $200 million in US Sandy Creek power plant funding in 2013,
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