Steps to boost private energy economy

The National Energy Administration released new measures recently aimed at significantly accelerating private sector investment and participation across the energy sector, including major projects like nuclear power, oil and gas infrastructure.

The measures are designed to promote quick development of the private energy economy and guide it to become larger, better, and stronger in advancing the green and low-carbon energy transition and building a new energy system, the NEA said.

Under the guidelines, private enterprises will be supported to take stakes in nuclear power projects and invest in major energy projects such as hydropower, oil and gas storage facilities, and oil and gas pipelines.