Economic Calendar

Monday, August 4, 2008

China's Shandong Power Shortage Worsens, Evening News Says

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By Wang Ying

Aug. 4 (Bloomberg) -- China's Shandong province is facing its worst electricity shortage in a decade and a third of the region's power demand couldn't be met, the Qilu Evening News reported, citing Shandong Electric Power Corp.

Electricity shortage reached 10,220 megawatts, compared with a total peak demand estimated at 37,000 megawatts, the Chinese-language newspaper reported, citing Shandong Electric, a unit of the State Grid Corp. of China. Coal stockpiles in Shandong province are falling and the power shortages may worsen this month, it said.

The Shandong provincial government will ``resolutely'' restrict power supplies to industrial users and ensure household demand will be met, the report said. The capital city of Jinan plans to shut half of the power supplies on the shortage, the newspaper said in a separate report.

To contact the reporter on this story: Wang Ying in Beijing at wang30@bloomberg.net.


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