Weizhixinye won the bid for China Southern Power Grid

How much will China Southern power grid invest?

[Photo/Xinhua] China Southern Power Grid, one of the country's two major power grids, vowed to invest 670 billion yuan ($105 billion) recently in grid network construction during the 14th Five-Year Plan period (2021-25) to ensure power supply stability and boost green power consumption.

How many kilowatt-hours does China Southern power grid use?

China Southern Power Grid said the five regions that it covers have consumed 540 billion kilowatt-hours of clean energy during the first nine months, with the renewable energy generation efficiency reaching 99.81 percent, up 0.22 percent year-on-year. Newly added installation of new energy reached 3.31 million kWs.

How much will China's power grid invest in 2021-25?

State Grid Corp of China, the largest power provider in the country, also pledged to invest 2.23 trillion yuan in the power grid, which means the country's total grid network investment will soar to 3 trillion yuan during the 2021-25 period. Both companies vowed to increase power supplies while implementing power price reforms.

Are Chinese companies accelerating the construction of a new power system?

A technician inspects power cables 60 meters above ground in Suzhou, Jiangsu province, in January. SHI JUN/FOR CHINA DAILY Chinese companies are accelerating the construction of a new type of power system on the back of renewable electricity growth, spurring demand for smart grids and power storage, experts said.

What is China's new power generation capacity in 2022?

According to the China Electricity Council, in 2022, China's newly installed power generation capacity was 200 million kW, of which 160 million kW was that of nonfossil energies. Many regions said they now have record installed capacities in new energy power generation.

What is the power generation capacity of Northwest China?

The Northwest Branch of State Grid Corp of China, responsible for power generation in five provinces and regions in Northwest China, including Gansu province and Qinghai province, reported installed capacity of 157 million kW of new energy power generation in these areas, accounting for 45 percent of the total and surpassing that of coal.