China to Scale Up Support for Private Enterprises in Developing New-Type Energy System

Published: Jun 30, 2026 17:58

Save

The State Council Information Office held a press conference today. A responsible official from the National Energy Administration stated that during the 15th Five-Year Plan period, efforts will be intensified to support private enterprises in participating in the development of the new-type energy system. Wan Jinsong, Deputy Director of the National Energy Administration, said that for major energy projects, the investment space for private enterprises will be expanded. During the 15th Five-Year Plan period, efforts will continue to open the door for energy projects and introduce investment guidelines for private enterprises to participate in large and medium-sized hydropower projects, so that enterprises will have clear direction for investment and guaranteed returns. In terms of new models and new business forms, the electricity market and pricing mechanisms will be further improved to support private enterprises in investing in projects such as virtual power plants, charging facilities, and new-type energy storage.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 mins ago

[SMM Analysis] Zimbabwe Proposes Using Natural Resources as Collateral to Finance Infrastructure Projects with China

14 mins ago

18 mins ago

[SMM Analysis]Premier African Minerals Provides Operational and Corporate Update

18 mins ago

34 mins ago

[Brazil's Critical Minerals Progress Depends on Government Support, Industry Says]

At the Rio de Janeiro Energy Summit on June 25, panelists stated that without direct government support, Brazil will not advance its critical minerals sector, given the country's lack of infrastructure, technology, and long‑term investment. Analysts noted that minerals have become a strategic asset essential for ensuring technological leadership and energy security, and should no longer be viewed merely as extractive commodities. They added that a sound legal and regulatory framework is key to providing predictability and certainty for long‑term investment in the industry. Marcos Mesquita, Strategic Vice President of LPG distributor Copa Energia, said the mining sector should focus on diversifying extraction operations into multiple minerals and their by‑products to increase revenue. Mesquita added that Brazil should not emulate China, as it can leverage its abundant water resources and dominant renewable energy generation to build a more sustainable industry platform.

34 mins ago