China is targeting a considerable increase in power capacity in the next five years as it wants to make sure energy security while reaching long-term climate goals. The country wants to have 3,000 gigawatts of generating capacity installed by 2025. The government also intends to increase gas production and keep oil output high. It aims to improve energy security amid rising global commodity costs while also laying the groundwork for cleaner energy sources to help meet its climate goals. The power capacity target comes as China launches renewable installations, which operate for fewer hours more the year than traditional thermal plants and thus demand more capacity to generate the same amount of electricity.

Other takeaways from the plan are- Crude oil output will be up 200 million tons per year and keep it at that level. Production dropped below that level in 2016 after oil prices hit, but the industry had already reached the target as of last year. Natural gas production will rise to 230 billion cubic meters by 2025, up from 205 billion than last year, and storage capacity for the fuel should be between 55 billion and 60 billion cubic meters or 13 per cent of consumption. The country will also increase coalbed methane production to 6 billion cubic meters. Clean energy is also expected to be 20 per cent of total consumption by 2025 and 25 per cent by 2030. Coal power will be a flexible power source amid increased installations of intermittent renewable energy, with 200 gigawatts of capacity and pumped hydro storage will reach 62 gigawatts by 2025.