www.shcri.com - On 12th May, the detailed rules of Adjustment and Revitalization Plan of Equipment Manufacture was promulgated, which put the clean and efficient power generation on the first place, made subdivisions and encouraged the development of the nuclear power, wind power and the manufacture of the crucial equipments. It is considered that the nuclear power is the most important in Adjustment and Revitalization Plan of Equipment Manufacture. The companies which have supply experiences of the nuclear power equipments and potential supply capacity will be benefited. The wind power is characterized as low costs and mature industry chains. The rapid localization of the crucial components of the wind power units will be in favor of cutting down the costs of the complete wind power units.
The detailed rules of Adjustment and Revitalization Plan of Equipment Manufacture was promulgated, which put the clean and efficient power generation on the first place and made subdivisions. The contents involved in the nuclear power conclude: depending on the nuclear power plants in Liaoning Hongyanhe, Fujian Ningde and Fuqing, Guangdong Yangjiang, Zhejiang Fangjiashan and Shanmen, Shandong Haiyang and the following constructions of the nuclear power plants, to propel the construction of the second generation reformed nuclear power projects and the independency of the nuclear power equipments AP100, mainly to realize the domestic manufacture of the pressure vessels, steam generators, control rod drive mechanism, pumps and valves of nuclear grade and emergency diesel engines, and to develop the auxiliary machinery for the nuclear power plants.
Shanghai Electric Group Company Limited, Dongfang Electric Corporation Limited and Suzhou Hailu Heavy Industry Co., Ltd announce that they will issue additional stocks for the yield capacity expansion of the crucial nuclear power equipments. Shanghai Electric Group Company Limited will mainly engage in the yield capacity expansion of the major equipments for the nuclear island and conventional island, which plans to expand the annual yield capacity of the major equipments for the nuclear island from 2.5 sets in 2.5 kilowatts grade to six sets of the evaporators and four sets of the pressure vessels and voltage stabilizers; the yield capacity of the reactor components and the control rod drive systems will be enhanced from 4.5 sets to 10 sets and five low-pressure rotors for the conventional island. Dongfang Electric Corporation Limited will be specialized in the technical reform of the conventional island of the nuclear power in million kilowatts grade. The proposed raised fund investments will not exceed 790 million Yuan. It is predicted that it will take 7.4 years for Dongfang Electric Corporation Limited to recover the investments. Suzhou Hailu Heavy Industry Co., Ltd will mainly stick to the technical reforms of the nuclear pressure bearing equipment manufacture. It is proposed to invest 113.67 million Yuan by raising the funds, in which the construction investments will be about 113.67 million Yuan in five-year recover cycle.
Adjustment and Revitalization Plan of Equipment Manufacture also involves in the wind power, which is mainly specialized in the localization of the wind power equipments and the domestic manufacture of the frequency control systems, wind power bearings and carbon fiber blades etc relying on the large wind power farm projects in the northeast, northwest, North China and the coastal areas.
The wind power is characterized as low costs and mature industry chains. The rapid localization of the crucial components of the wind power units will be in favor of cutting down the costs of the complete wind power units. It is recommended that the investors can pay close attentions to the related wind power component companies, including Zhejiang Tianma Bearing Co., Ltd (variable propeller yaw bearings), Jiangsu Miracle Logistics System Engineering Co., Ltd (blades, castings, tower tubes), Dalian Huarui Heavy Industry Steel Casting Co., Ltd (castings), Rongxin Power Electronic Co., Ltd (converters) and Sinoma Science & Technology Co., Ltd (blades).
In 2008, the yields of the photovoltaic batteries reached 1.67 GW in China, accounting for about 30% of the world’s photovoltaic installation capacity and having formed comparative perfect photovoltaic industry. The recovery of the oversea photovoltaic market and the start of the domestic photovoltaic market will be favorable for the related photovoltaic listed companies. Under the circumstance of the low-carbon economy, it is predicted that the costs of the photovoltaic power generation will continue to cut down; the grid price of the photovoltaic power will drop to below 1 Yuan in 2 to 3 years; the demands for the photovoltaic power will be extended continuously in the future.
According to the estimation from the authorities, China has the largest potential in the carbon emission reduction in the world and exceeds North America and Europe, accounting for 17% of the world’s emission reduction potential. Meanwhile, as far as the globe is concerned, the power generation departments are also the largest departments of the carbon emission reduction, reaching 22% of the total emission reduction potential.
Copenhagen Climate Conference will be held in November. On that occasion, the emission reduction duties and indicators in various countries re-agreed after 2012. China, as the world’s largest carbon emission country, will stand with huge political and economic pressures.
The issuance of the carbon taxes can not reach the goals in one step, but it will create the conditions for the internalization of the external costs of the carbon emission.
In consideration of the heavy hits of the energy price on the economy, the levy of the carbon taxes will experience a process from low to high and it takes long time for the absolute transformation of the external costs to the inner costs. However, the implementation of the carbon taxes will bring significant benefits for the clean energy in following three aspects:
A. the levy of the carbon taxes will increase the absolute costs of the traditional energies, cut down the generation costs of the clean energy, which will speed up the grid process of the clean energy at normal price.
B. partial carbon taxes will be used to the clean energy power generation and the enhancement of the energy efficiency, guaranteeing the successive and reliable investments in the clean energy.
C. the levy of the carbon taxes will propel China to develop the carbon trade systems, favorable for the marketization of the carbon price.
The levy of the carbon taxes is not only favorable for the nuclear power, wind power and photovoltaic power, but also propels the demands for the low-carbon power generation, such as pumped storage, garbage and exhaust heat power generation.
Source: China Research and Intelligence
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