How much will Hebei electric invest in power grid construction?

State Grid Hebei Electric Co Ltd said it plans to invest more than 15.86 billion yuan in power grid construction to further improve the reliability of local power networks, including the urban distribution network and the coordinated development of rural power grids.

How much will China invest in a power grid project?

Two State Grid technicians check power transmission facilities in Chuzhou, Anhui province. [Photo by Song Weixing/For China Daily] More investments in pipeline for new projects to bolster stable energy supply State Grid Corp of China said it will invest 90 billion yuan ($13.46 billion) to speed up urban power grid network construction this year.

Why is China accelerating grid construction this year?

China said it will continue accelerating domestic grid network construction this year with a focus on ultrahigh-voltage power transmission networks. It will mark an attempt to further ensure power supply stability and boost green power consumption in the country.

How many Yuan has State Grid invested in China's power grid?

State Grid invested a total of 2.38 trillion yuan in the country's power grid during the 13th Five-Year Plan period (2016-20). The company has recently been stepping up construction of ultrahigh voltage power transmission projects in China as part of its efforts to ensure a clean electricity supply.

How will a grid network be accelerated in 2021-25?

The two grid network companies also plan to further accelerate their digitalization of grid networks during the 2021-25 period to guarantee sufficient energy supply while providing more green power in the energy mix of the country.

What does China's new power grid plan mean for China?

It will mark an attempt to further ensure power supply stability and boost green power consumption in the country. State Grid Corp of China, the country's largest State-owned utility, plans to invest 501.2 billion yuan ($79 billion) in domestic grid network construction this year, up nearly 9 percent year-on-year and an all-time high.