China's government is capable of providing sufficient energy despite serious challenges as it will step up production capacity and boost reserves to keep prices under control, state planning officials said on Monday.
Energy and global commodities prices have soared to decade-high levels amid fears of supply disruption after Russia's invasion to Ukraine.
"Despite the increasingly severe challenges we face, China has the conditions, ability, confidence and means to ensure a safe and reliable supply of energy," he said. China had diversified its oil and gas supplies, and imports could remain stable as long as all parities implemented contracts, he said.
Some 450 gigawatts of solar and wind power generation capacity are also planned in the Gobi and other desert regions.The NDRC also pledged not to limit power and gas use unless extreme situations arose - in line with Premiere Li Keqiang's vow of ensuring electricity supply to residential and industrial users this year.
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