Report says China plans to build coal reserves
Published on: November 17, 2009 at 11:25
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China, which expects to keep the equivalent of about 10% of domestic consumption in reserve, may launch the plan as early as 2010, as coal imports may exceed exports for the first time ever on an annual basis.
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Currently, 70% of the country's energy comes from coal. The Chinese government recently ordered China Shenhua Energy Co Ltd the largest coal producer in the country, to establish a network of ten reserve sites which can reserve between 100 million and 200 million tons of coal.
China Shenhua Energy predicted that its net profit will grow by 18% year on year in 2009 due to increasing coal demand amid macroeconomic recovery.
Revenue will increase an estimated 14% year on year to an estimated 160 billion yuan this year.
China produced and consumed 2.7 billion tons of coal in 2008, accounting for 40% of the world's total, sources said.
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It has been recognized that the heat management is equally important as setting up a heat cooling system. It means that when the outdoor temperature is high and people need the air-conditioner to produce a larger capacity of cold air to the rooms, but the cooling capacity of conventional air-conditioner are not always strong enough, this will influence the comfort. 
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