learn Chinese – Wuhan to spend 800 million yuan on coal reserve base
Wuhan in Hubei Province has been approved by Chinese authorities to build a country-level coal reserve base at the Wuhan Newport along the Yangtze River. Zhong Ping Energy Chemical Group and the Wuhan government will jointly invest 800 billion yuan ($118.02 billion) on the construction project.
The base will relieve the urgent and excessive demand of coal that comes from Hubei, Hunan, and Jiangxi provinces.
In the past 10 years, 80 percent of the electricity shortages in Wuhan were caused by the shortage of coal. Industry analysts believe that once built, the base will considerably ease the coal tension that suffocates the regions since 98 percent of coal resources are brought from outside.
In line with that, the Chinese government has approved the construction of five national-level coal reserves in Central and Southwest China.
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