Marine Market in China - Overview

Chinese Power Industry in General GERA ☐ China power generation is dominated by coal generation (78%). Hydro (16%), nuclear (2%). The gas generation is still at low level. The Government controls also the grid company which has been split into 2 Companies: China State Grid and China South Grid ■ There is a monopoly in power generation and transmission Electricity price is linked to the coal price ■ Gas generation is less than 3% of the total, due to the scarcity of gas. Although situation is gradually improving. ■ In 2020 gas generation will grow to 7% ■ Wind power has been developed at brisk pace with total installed capacity of 45 GW in 2010 ■ However 40% of the wind power is not connected to the grid due to the shortage of transmission capacity China has embraced the smart grid concept (mainly HVDC) 18 © Wärtsilä WÄRTSILÄ

View entire presentation