Inner Mongolia to promote large projects

By Liu Yufen (chinadaily.com.cn)

Updated: 2014-04-14

North China’s Inner Mongolia autonomous region will give priority to the construction of key projects that involve industries of coal electric, clean energy, coal chemical industry, equipment manufacturing, photovoltaic industry and cloud computing, with an investment of 1.6 trillion yuan ($266.7 billion), nmg.xinhuanet.com reported on April 6.

Among the projects, there are 10 clean energy base projects, with an investment of 641.2 billion yuan. The integration project of aluminum oxide drawing and aluminum deep processing will be invested with about 200 billion yuan, with production capacity of aluminum oxide increasing by 100 million ton; the added value of coal would be eightfold compared to coal exports. The generating capacity of low-heat value coal project would be 200 million kilowatt-hours, with an investment of 80 billion yuan.

According to the Inner Mongolia autonomous regional government, it will seek to increase investments in industrial fixed assets by 17 percent, to 920 billion yuan in 2014. An investment of 409.5 billion yuan is expected this year, including more than 370 billion yuan to spend on such industries as energy, chemicals, metallurgy and construction materials, equipment manufacturing, and high-tech. It is?estimated that?528 projects will be partly or fully completed this year, with a 150 billion yuan increase in output value.

In the past year, Inner Mongolia has made great progress in large industrial projects. A total of 40 energy or chemical industrial projects were approved by the central government, attracting an investment of more than 500 billion yuan.