China will step up support for private firms to invest in construction of a new energy system during the 15th Five-Year Plan, the National Energy Administration said at a State Council Information Office briefing. NEA deputy director Wan Jinsong said Beijing will expand room for private capital in major energy projects, continue to open projects to private investment and issue guidance for private participation in large- and medium-sized hydropower to provide direction and protect returns; it wi

China will step up support for private firms to invest in construction of a new energy system during the 15th Five-Year Plan, the National Energy Administration said at a State Council Information Office briefing. NEA deputy director Wan Jinsong said Beijing will expand room for private capital in major energy projects, continue to open projects to private investment and issue guidance for private participation in large- and medium-sized hydropower to provide direction and protect returns; it will also further improve electricity market and pricing mechanisms and support private investment in virtual power plants, charging infrastructure and new energy storage.