China’s total investment in thermal power construction last year fell to its lowest level since 2004, according to data from an official industry group, as the country tried to restrict investment in polluting projects. The China Electricity Council (CEC), which represents power generators, plant builders and equipment manufacturers, said investment in new thermal power plants reached 78.6 billion yuan ($11.35 billion) in 2018, down 8.3% on the year and amounting to 28% of total spending in the sector. Of the total, coal-fired capacity investment stood at 6.44 billion yuan, down 8.8% on the year, CEC said in a report published late on Friday. Total power investment fell 3.9% on the year to 278.7 billion yuan. Spending on hydropower construction rose […]