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China’s power supply shortage is expected to be between 30 and 40 million kilowatts later this year and early next year, reports the 21st Century Business Herald, citing the China Electricity Council.

Monthly thermal power generation has continued to exceed 300 billion kilowatt hours this year, topping records set in August and December of 2010. Total contract value for newly installed capacity of thermal power in the first three quarters hit a three-year low.

Newly added power generation capacity across mainland China totaled 49.62 million kilowatts by the end of September, falling 2.24 million kilowatts from a year ago, according to data from the China Electricity Council. Newly added installed thermal power units grew 8.8 percent year-on-year, lower than the growth of both overall national thermal power generation and the country’s power consumption.