China building too many power plants – Joe McDonald

From BusinessWeek:

China needs to overhaul its huge power industry and raise prices to discourage wasteful consumption that is adding to already severe pollution, the Paris-based International Energy Agency says.

“Too much electricity is wasted by consumers and by networks, so too many power plants are being built to meet this demand,” said Claude Mandil, executive director of the IEA, in comments on its Web site. “Too much fuel is wasted by generating power and too much pollution is released as a result.”[Full Text]

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