China blackout: Why is power being cut to factories and homes

Updated : Aug 19, 2022 15:25
|
Gazal Malik

China has ordered all factories in its Sichuan province to close for six days in order to ease a power shortage amid a record heatwave. The world's second-largest economy is currently facing the worst heatwave in over 60 years with temperatures running above 40 degrees Celcius.

The power grid is under pressure from air conditioning use and hydropower generation has fallen as river levels deplete. In Sichuan, which has 94 million people, water levels at hydropower reservoirs are down by as much as half this month.

Also Read:- China sending fighter jets to Thailand for joint exercises

China's major manufacturing hub Sichuan province has ordered all factories to shut down for a week to ease a power shortage. Sichuan is key for semiconductor/solar panel industries & China's lithium mining hub and the move will hit Foxconn, Intel, Apple, Tesla-supplier factories & many more.

What Next?
China is the world's top consumer of coal and the world's biggest producer of greenhouse gases.

ChinaPower Crisis

Recommended For You

editorji | Business

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

editorji | Business

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

editorji | Business

Reliance completes merger of Star Television Productions with Jiostar

editorji | Business

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

editorji | Business

Nifty hits record high after 14 months; Sensex nears all-time peak