BEIJING, April 13 (Xinhua) -- China is accelerating the construction of ultra-high-voltage (UHV) power projects, as part of its efforts to deploy new infrastructure to boost high-quality economic development.
Since 2009, the country has been promoting UHV power projects as they have greater transmission capacity over long distance and can reduce power losses during transmission compared with ordinary power lines. Construction of such projects can help meet increasing power demands in industrialized eastern regions of China by utilizing rich power resources in the economy's western areas.
UHV power grids, highlighted as the pacesetter in China's new infrastructure development, can provide clean electricity to support the construction of other energy-intensive new infrastructure such as 5G base stations and data centers, and meet the country's demand for electricity after the novel coronavirus pneumonia epidemic is over.
China has seen the construction resumption of UHV projects amid the epidemic.
The State Grid Corporation of China, a state-owned electricity utility giant in China, said in March that it had resumed construction of all of its nine UHV transmission lines.
The company also announced that it planned to invest 181.1 billion yuan in UHV projects in 2020, expecting the business would spur an investment of 360 billion yuan for the whole economy.
The next few years is expected to witness a surge in the scale of approval, construction, production and investment of UHV projects, according to Wanlian Securities. The securities agent estimated that the investment in UHV primary equipment this year will exceed 45 billion yuan.
From 2020 to 2022, UHV investment will bring orders worth of more than 20 billion yuan to major equipment enterprises, noted Dongxing Securities. (Edited by Su Dan with Xinhua Silk Road, silviasu07@163.com)
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