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Chinese to English: 印度投资调研报告 India Investment Research Report General field: Marketing Detailed field: Business/Commerce (general)
Source text - Chinese 印度经济近年来保持较快发展速度，作为一个人口超过十亿的国家，已经成为世界最主要新兴经济体之一。
Translation - English India, as a country with a population of over one billion, witnesses a rapid pace of development in recent years, it has become one of the world’s leading emerging economies.
The rapid economic development is inseparable from power supply, which provides important market opportunities for power-related enterprises.
SHIKY has consecutively completed 5 projects since it first probed into this market on 2010.
Indian government starts to vigorously advocate the concept of "Made in India", in this context, more and more users began to request in the bidding qualification documents that, the bidder must have a permanent establishment and possess the manufacturing capacity in the local to meet the users’ requirements timely.
Given this, we have conducted the preliminary study about overview of Indian market, development potential and the related provisions to establish a local company.
Brief Introduction of Indian Power Market
Introduction of Power System Architecture
The power system in India can be divided into three parts: power generation, transmission and distribution.
Among which, India’s installed generating capacity and generating capacity ranks the forefront in the world.
By the end of 2013, India’s installed generating capacity was 232.17 million KWs, ranking the fifth in the world after China, United States, Japan and Russia.
In the fiscal year of 2012 and 2013, India’s total generating capacity was 912.1 billion KWs, ranking the fifth in the world.
Apart from the State-owned NTPC, the key power generating corporations also includes TATA Power, Reliance and other private power generating companies with abundant strength.
In the field of power transmission and distribution, Power Grid Corporation of India Limited (PGCIL) takes the lead to conduct unified management to power transmission, transformation and distribution in the nation wide.
Chinese to English: Technical Specification of Refractory in Annular Shaft Kiln General field: Tech/Engineering Detailed field: Metallurgy / Casting
Translation - English 1.0.1 This Specification only applies for the procurement, construction and acceptance for the refractory materials in annular shaft kiln.
1.0.2 Construction of masonry project for the refractory materials in annular shaft kiln shall be carried out according to the requirement of design and this specification.
1.0.3 The refractory materials applied in the masonry project for annular shaft kiln are required to use correctly according to design, these materials shall comply with the designed index.
1.0.4 The disqualified refractory materials are not allowed for the masonry project of shaft kiln.
1.0.5 After being checked with approval about the installation of start platform, steel structure of kiln body and relative equipment and sign the procedure handover certification, then the construction of masonry project for annular shaft kiln shall be carried out.
The procedure handover certificate shall comprise the following:
a. The measuring record of deviation of central line (kiln body), elevation of central line (each combustion chamber), elevation of each combustion chamber, elevation and levelness of each brick holding circle, space between inner and exterior cylinder of each arc foot, verticality of inner and exterior cylinder.
b. Acceptance record of concealed work;
c. Welding tightness test record of upper and lower inner cylinder, pipeline and kiln shell, pressure test record of upper and lower inner cylinder;
d. Inspection record of position, size, weld quality of anchors in Kiln
1.0.6 Only after being inspected and audited, new technology can be actively and widely applied during construction. Whereas new technology is not included in this specification, specific one shall be made as supplement.
1.0.7 The safety technology and labor protection during the construction of masonry project in annular shaft kiln must be consisting with the exiting national regulations.
Chinese to English: Governmental Weekly Review General field: Social Sciences Detailed field: Government / Politics
Translation - English Weekly Review: Energy Finance (April, 2018)
According to the preliminary estimates by International Energy Agency (IEA), the growth rate of global energy demand in 2017 was at 2.1%, which was twice of that in 2016. The global energy demand had reached 14 billion tons of oil equivalent in 2017. Fossil fuels had met more than 70% of the global energy demand. The demand of natural gas witnessed its fastest growth which achieving 22% of the total energy demand.
Recently, the General Affairs Department of National Energy Administration (NEA) published “Notification of NEA on Printing and Distributing the Essential Measures of Market Supervision in 2018” on the official website, this “Notification” mentioned the issues to vigorously promote the power market transactions. Work actively to promote inter-provincial and transregional power market transactions, and to strengthen the supervision of market transaction behavior.
On April 2, Xi Jinping, as General Secretary of the CPC Central Committee, President of the People’s Republic of China, Chairman of the CPC Central Military Commission and Director of Central Finance and Economics Committee, presided over the first meeting of the Central Finance and Economic Committee to study and finalize . The meeting noted that the total discharge of major pollutants shall be significantly reduced in 2020.
Since the 18th CPC National Congress in 2012, the proportion of coal consumption in China has dropped by 8.1%, and the proportion of clean energy consumption has increased by 6.3%. The recently convened first meeting of the Central Finance and Economic Committee noted that it is necessary to adjust the energy structure and increase the utilization of clean energy. China's energy structure is changing from coal-oriented to diversification.
On April 4, the State Council promulgated an announcement about Levy Extra Import Tariff Duties on part of import commodities originating in the United States, and decided to impose extra 25% import tariff duties on 106 items originating in the United States. The implementation date will be determined by the U.S. government's Customs Tariff Commission, which will be announced separately.
On April 3 (USA Local Time), the Office of the United States Trade Representative (USTR) promulgated an import list of commodities originating in China on its web site, which was suggested to levy extra tariff duties in accordance with President's Additional Section 301 Action. This list covered approximately 1,300 independent tariff items at roughly 50 billion US dollars, involving aerospace, information and communication technology, robotics, machinery and other industries.
Weekly Review: Coal Power
On March 27, China National Coal Association (CNCA) released . According to this Report, there are still 3,209 coal mines with the capacity of 300,000 tons or less in the nation wide, the gross production capacity is approximately 500 million tons, of which covers 1,954 coal mines with the capacity of 90,000 tons or less, the gross capacity is approximately 126 million tons. It remains an arduous task for the coal industry to phase out backward production capacities and to promote quality capacities in 2018.
The Report noted that, China witnessed a prominent performance on cutting overcapacity of coal industry in 2017. The coal industry had overfulfilled its target of 150 million tons which was set at the beginning of this year 2017. During the process of resolving the excessive production capacity of coal, the coal industry is working actively to promote the construction of advanced production capacities. A large number of large-scale modern coal mines have obtained approval and the proportion of high-quality production capacity has been substantially increased. The coal capacity utilization has reached 68.2%, an increase of 8.7% on year-on-year basis.
By means of cutting overcapacity, China's coal development layout has been significantly optimized. According to statistics, the output of China’s 14 large-scale coal production bases has accounted for 94.3% of that for the whole country, an increase of 0.6% on year-on-year basis. The gross 100,000,000-tonnage-level raw coal output in 8 provinces and regions (Inner Mongolia, Shanxi, Shaanxi, Xinjiang, Guizhou, Shandong, He’nan and Anhui) is 3.06 billion tonnes, accounting for 86.8% of the national total. Among which, the coal output in Shanxi, Shaanxi and Inner Mongolia accounted for 66.82% of the national total.
Weekly Review: Oil and Gas Industry
Starting from April 2, Hunan Provincial retail business license of refined oil was officially delegated to administrative organs at the municipality level, and new “Hunan Provincial Approval and Supervision Service Platform of Refined Oil” went online at the same time. The approval to retail business license of refined oil in Hunan province will become more convenient, more than 60% of operating time will be shortened and paperless approval will be achieved at the same time. Hunan has become one of the provinces which taking the first to delegate the retail business license of refined oil to administrative organs at the municipality level in the nationwide.
On April 2, it was learned from Shanghai International Energy Exchange (INE) that, the crude oil futures had achieved 278,200 contracts at the first week from March 26 to April 01, with the total amount of RMB 115.922 billion yuan. The newly listed INE crude oil futures represented more active market liquidity. The market activity was gradually improved, and China’s crude oil futures got off to a steady start.
On April 6, CNPC's gas storage (Xiangguo Temple) started to carry out natural gas filling. So far, CNPC's 23 gas storages have started to carry out natural gas filling in all respects and to get ready for the natural gas supply in this winter and next spring. In 2018, CNPC plans to accomplish the filling of 8.6 billion cubic meters of natural gas to the underground oil storages, among which Xiangguo Temple is scheduled at 1.72 billion cubic meters.
Recently, Ministry of Finance(MFPRC) and State Administration of Tax promulgated “Notification about Reduction of Resource Tax on Shale Gas” to promote the utilization and development of shale gas, and to effectively increase the supply of natural gas. With the consent of the State Council, 30% of the resource tax (at 6% of the prescribed tax rate) which is levied to shale gas will be reduced from April 1, 2018 to March 31, 2021.
Sinopec officially launched the "Green Enterprise Action Plan” today and announced that, by October of this year, Sinopec's motor gasoline and diesel will meet the national VI standard. By 2020, the sulfur content of marine fuel will be reduced from3.50% to 0.50% (mass ratio). This measure is expected to reduce sulfur dioxide emissions by 1.3 million tons per year.
Weekly Review: New Energy
According to the instant dispatch data, the national gross power generation reached 1.57 trillion kw·h at the first quarter, an increase of 10.0% on year-on-year basis. Among which, wind power and solar power were amounted to 95.56 billion kw·h and 27.3 billion kw·h respectively, an increase of 37.9% and 58.7% on year-on-year basis.
On April 3, pursuant to the latest report of “China’s Coal Consumption Control Scheme and Policy Study” project, it was recommended that strictly control of the size of new power supply has become a priority to solve the “wind curtailment” problem, especially coal-fired power and wind power. Constantly optimizing the power supply structure is proven as an effective way to solve the “wind curtailment” problem in the long run.
has been officially approved by the National Energy Administration. According to the Plan, the construction of offshore wind power with the installed capacity over 12 million kilowatts will be kicked off in Guangdong Province by the end of 2020, of which more than 2 million kilowatts will be completed and put into production.
The State Grid issued the 2nd Bid Invitation Announcement about Material Procurement for Power Supply Project in 2018. Such tendering procurement covered 11,615 sets of charging piles with a total power of 741,600 kilowatts. In February 2018, the number of public charging pile was increase by approx. 19,000 sets, an increase of 61.5% on year-on-year basis. As recently as February, the public charging pile has amounted to 244,000 sets.
On April 2, “New Energy Vehicle Directory exempt from Levying Vehicle Purchase Tax” was jointly issued by Ministry of Industry and Information Technology, Ministry of Finance and State Administration of Tax. According to the Directory, regarding to the vehicles which were listed in the “Directory” before January 1st, 2017 and without production or import volume, and to the vehicles which were listed in the “Directory” after January 1st, 2017 and without production or import volume within 1 year, these vehicles will be withdrawn from the “Directory” after five working days without public objection.
Mr. Li Chuangjun, deputy director of New and Renewable Energy Department of National Energy Administration, recently said that, the development of renewable energy has entered the development stage of large-scale incremental substitution and regional stock substitution, and the innovation of renewable energy technologies and commercialization models has also tended to become diversification.
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