Chinese companies, such as State Grid Corp. of China, Three Gorges Corp, China Investment Corp. and others, has recently significantly increased their investments in the European energy sector. Beyond the “traditional” investments in generation capacities, such as renewables, coal and nuclear, Chinese actors also bought important shares of Transmission System Operators (TSOs) and Distribution System Operators (DSOs).
Pakistan is one of the key allies of China in the Asian region. Close ties between the two nations have resulted in increased Chinese investments in the South Asian nation. The two countries have formed the China-Pakistan Economic Corridor (CPEC) under the Belt & Road Initiative.
Within the framework of the Belt & Road Initiative (BRI) there is the sub-format called “17+1”, the cooperation process between seventeen Central and Eastern European (CEE) countries, and the People’s Republic of China (PRC), established in 2012. As a part of the “17+1” format, a number of the Western Balkan (WB) countries have negotiated Chinese investments in their energy sector, predominantly in its coal segment.
The Romanian government wants to diversify its energy mix and increase the share of nuclear power in the national energy mix by finalizing the construction of reactors 3 and 4 of the Cernavoda nuclear power plant. In 2013, the Romanian government started the negotiations with China General Nuclear Power Group (CGN) to ensure external financial assistance for the construction.
China’s rapid economic development has increased the country’s dependence on energy imports within all domains of its energy mix – coal, oil and natural gas. Moreover, China has become too reliant on coal to meet its energy needs, which has caused major environmental challenges and spread pollution across China.
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