Global EditionASIA 中文双语Français
Home / Business / Companies

China's State Grid to invest over 500b yuan in power grid projects in 2022

Xinhua | Updated: 2022-06-04 14:36
Share - WeChat
State grid employees repair an ultra-high voltage power transmission system in Huzhou, Zhejiang province, on Monday, as part of efforts to help businesses restart production. TAN YUNFENG/FOR CHINA DAILY

BEIJING -- The State Grid Corporation of China said that it will invest an all-time high of more than 500 billion yuan ($74.5 billion) in power grid projects in 2022 to help bolster the country's economic growth amid the COVID-19 epidemic.

The input is expected to drive more than 1 trillion yuan in investment from all sources, said the State Grid.

The company will start constructing ultra-high voltage power transmission projects as early as possible, and begin construction on key power grid projects below 500 kilo-Volt, it said.

The intensive construction of key power grid projects will be conducive to promoting the high-quality development of the power grid and will drive the upstream and downstream industries to resume work and production, said the company.

The State Grid invested a total of 2.38 trillion yuan in the country's power grid during the 13th Five-Year Plan period (2016-2020).

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349