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China's State Grid announces projects with RMB100 bln investment for industry resuming production

February 21, 2020


Abstract : State Grid Corporation of China recently announced a batch of projects with nearly 100 billion yuan of total investment to help downstream industries resume production through key projects, according to a report from cnstock.com.

BEIJING, Feb. 21 (Xinhua) -- State Grid Corporation of China recently announced a batch of projects with nearly 100 billion yuan of total investment to help downstream industries resume production through key projects, according to a report from cnstock.com.

State Grid released 12 measures to cope with the impact of the novel coronavirus epidemic on the industry and make full efforts to restore project construction, three of which involve in ultra-high voltage projects.

It's learned that the 12 measures include the comprehensive resumption of the construction of Qinghai-Henan, Yazhong-Jiangxi ±800 kv high-voltage direct current and other major projects with a total value of 71.3 billion yuan, and the ±800 kv high voltage direct current project of northern Shaanxi-Wuhan and some other new projects with a total investment of 26.5 billion yuan will be launched.

Zheng Dandan, Dongxing Securities' chief analyst in power equipment and new energy industry, believes that the ultra-high voltage projects can not only improve transmission efficiency, but also help promote the consumption of clean energy such as wind-generated electricity to optimize the allocation of power resources nationwide.

On the evening of the day State Grid announced the 12 measures, its supply company published purchasing plan for on-line monitoring equipment for the Qinghai-Henan ultra-high voltage project and other relative equipment, with the size of about 3.3 billion yuan.  (Edited by Yang Qi, kateqiyang@xinhua.org)

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Keyword: China State Grid

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