Top firm develops oil shale reserves

One of the country’s top five power producers, China Power Investment Corp (CPIC), is expanding its business portfolio beyond conventional coal-fired plants to develop wind, oil and nuclear electricity.

The company has also been trying to tap the renewable energy sources, cashing in on the new opportunities brought about by China’s first renewable energy law, which will take effect next year. China by the end of this year will have wind power generation facilities with a capacity of 1,000-MW. The country plans to increase the figure to 30,000-MW by 2020.

PeoplesDaily