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by jahnu 427 days ago
I think it was on Volts podcast where I heard that many of them are built as political insurance for regional governments who don’t want an angry population if they have an unusually cold winter and a lot of them are going to end up as stranded assets which the population gets way less mad about.
2 comments

Ironically building coal plants probably helps wean China off coal. They use a lot of coal for heating. But nobody is going to want to switch to a heat pump unless they have reliable electricity.
to add, given the governing structure in china, the coal plants don't have to make economic sense. one-party politics would thus prefer to overbuild as a hedge against the population getting mad at them.