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Hydropower

Hydropower is the largest source of renewable energy in China and in the world. China has the world’s largest installed capacity, production and consumption of hydropower. According to a report on a multi-year survey, or the 2005 Report, completed in 2005 by the National Development and Reform Commission, or the NDRC, and the China Hydropower Engineering Consulting Group Co., at that time China had 541,640 MW of technologically exploitable hydropower resources and 401,797 MW of economically exploitable hydropower resources, calculated as the aggregate of all sites of at least 0.5 MW in size. Total installed capacity at the time of the report was 130,980 MW, representing approximately 24.2% of the technologically exploitable resources or 3 2.6% of the economically exploitable resources in China. Hydroelectric plants accounted for 436 TWh of electricity generated in 2006, compared to 277 TWh in 2001, representing a five-year CAGR of 9.5%, according to the China Statistical Yearbook 2007. Revenue from China’s hydropower generating industry is expected to have reached $12.4 billion in 2008.

The Chinese government continues to invest heavily in the water industry to solve water shortage and flooding problems, to expand or upgrade water pipe networks; and to increase hydroelectric power supply. The major projects include major infrastructure projects between western and eastern regions of China, the transformation of the old industry base, construction of downtown pipe networks in major cities, residential buildings, and wastewater treatment and water conservancy. The increased investments in the water industry should create great business opportunities for valve manufacturers.