July 10, 2018 / 9:24 AM / 8 days ago

China's SPIC targets 8 GW overseas power capacity by 2020

BEIJING, July 10 (Reuters) -

* China’s State Power Investment Corp(SPIC) aims to boost its overseas power generation capacity to 8 gigawatts (GW) by 2020 and to 40 GW by 2030, the company said in a corporate report on Tuesday

* It will target developed countries and developing nations alongside the Belt and Road for investment and acquisition, the company said

* SPIC will focus on South Africa and Turkey for nuclear power projects, Belt and Road countries and African countries for coal-fired power projects, Asia-Pacific countries for hydropower projects and developed countries in Europe and America for new energy projects, according to the report

* By the end of 2017, SPIC had total installed power generation capacity of 3.01 GW and 12.9 GW under construction in overseas market

* It said will also actively seek bauxite and uranium resources in overseas market (Reporting by Muyu Xu and Josephine Mason; Editing by Sunil Nair)

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