Amendment to Chinese energy law adopted
BEIJING, CHINA - China's renewable energy law was amended to require power companies to buy all power generated from renewable resources.
Chinese state-run news agency Xinhua reported Chinese lawmakers adopted the amendment to China's renewable energy law during a National People's Congress Standing Committee meeting.
The amendment also requires the State Council Energy Department and the state power regulatory agency to "determine the proportion of renewable energy power generation to the overall generating capacity for a certain period."
Under China's renewable energy law, electricity grid companies will face sizable fines if they fail to purchase power generated from renewable resources such as non-fossil fuels or wind and solar power.
The law and its adopted amendment come about as China remains reliant on coal as a power supply. Two-thirds of the country's power supply comes from coal, Xinhua said.
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Australia to head huge electricity and internet project in PNG
SIDNEY - Australia will lead a new multi-billion-dollar electricity and internet rollout in Papua New Guinea.
The Australian newspaper reported New Zealand the US, Japan and South Korea are supporting the project, which will be PNG's largest ever development investment.
The project will deliver internet to 70 percent of PNG and improve access to power.
Both China and the US are also expected to announce new investments in the region at the APEC summit this week.
Beijing will announce new mining and energy investments in PNG, and two Confucius Insitutes to be housed at PNG universities.
