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Electricity and gas will first reach 480k in 2026, with peak regulation becoming increasingly important.
Due to market and policy impacts, new photovoltaic projects have not yet fully released their generation capacity and benefits, and revenue growth has not offset depreciation and interest, leading to increased losses.
The 14th Five-Year Plan is being drafted, with 2 million kilowatts of coal power installed capacity under construction, expected to be put into operation in 2027;
Approximately 2.94M kilowatts of gas-fired power capacity are under construction, with about 485k kilowatts expected to be commissioned in 2026, and the rest in 2027;
About 800k kilowatts of new energy capacity are under construction, with the actual commissioning time possibly adjusted.