China’s Power Crisis Could Spark A Spike In Coal Consumption ...Middle East

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China’s Power Crisis Could Spark A Spike In Coal Consumption
source : OILPRICE ( Middle East ) () 24
A heatwave-induced power crisis is spreading across southwestern China, shuttering factories and worsening by the day, according to Nikkei Asia.  The latest news from China is the Chongqing municipal government ordered factories, including Japanese-owned ones, to suspend production through Aug. 24 to conserve power as demand surges because of extreme heat.  Chongqing is following its neighbor, Sichuan Province, which announced earlier this week that slumping hydropower generation has led to the closure of some of the world's largest multinationals,…

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