Chinese state-owned enterprises have a massive pipeline of coal-fired power projects in more than a dozen countries and it remains unclear if they’ll be scrapped, even after President Xi Jinping’s pledge to stop building plants abroad.
New projects are in place to deliver almost 14 gigawatts of generating capacity, according to a report by Just Finance, a Denmark-based nonprofit that tracked building contracts and agreements. The state-run firms announced more than 3.6 gigawatts of projects this year alone, including about 1.3 gigawatts each in South Africa and Indonesia.
A total of 10 gigawatts of projects had previously been finalized and haven’t yet begun construction, according to the study, released on Wednesday. The pipeline spans countries across Southeast Asia, Africa and Europe.
