Beijing, May 29 (Reuters): General Electric Co, the world’s second most valuable company, said it expects sales in China could double to $10 billion by 2010, with some of that growth coming from the development of clean energy technologies.

The International Energy Agency has said China needs to spend $2.5 trillion by 2030 to meet its energy needs, but as a result of the country’s already dynamic growth, pollution has become major issue because 70 per cent of China’s energy comes from dirty-burning coal.

It also frets about a growing dependence on imported oil, and so has pledged to double the portion of energy it gets from renewable sources by 2020.

“We are working closely with our customers and government in China to bring our new ideas in (clean) technologies to see that they are applied in China,” chairman and chief executive Jeff Immelt told reporters at a press conference on Monday.

“We think business in China could double in four or five years. It’s energy ... it’s rail, it’s locomotive, it’s oil and gas, and the financial services associated with that,” he said.

GE had sales of $5 billion in China last year, about 3 per cent of total sales, and employed almost 13,000 workers there.

On Monday, the company also signed an agreement with China’s National Development and Reform Commission to develop advanced environment-friendly technologies.

Immelt said one example of these new technologies was coal gasification, which he said could generate energy as cleanly as natural gas, but at a cost that is close to pulverised coal.

“You have technology that is truly creating advancement for the economy, we will get paid for it and our customer will be better off,” he said.

The country plans to expand energy production with extra 72 gigawatts of new capacity expected this year, rising from 66 gigawatts installed in 2005. Britain has total installed capacity of about 80 gigawatts.