Non-WeChat payment period 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.

What's the outlook for China Southern power grid (BVI) unsecured bonds?

The Outlook is Stable. At the same time, Fitch has affirmed the 'A+' rating on its USD600 million senior unsecured bonds due 2022 and USD900 million unsecured bonds due 2027 issued by China Southern Power Grid International Finance (BVI) Co., Limited and guaranteed by CSG.

Who is China Southern Power Grid co?

In accordance with a State Council rule on electric power system reform, China Southern Power Grid Co was officially launched and put into operation on Dec 29, 2002. It is a centrally-administered company, with the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) performing duties as its investor.

Is China Southern power grid (CSG) a good stock to buy?

Fitch Ratings - Hong Kong/Shanghai - 01 Dec 2020: Fitch Ratings has affirmed China Southern Power Grid Co., Ltd's (CSG) Long-Term Foreign-Currency Issuer Default Rating (IDR) and senior unsecured rating at 'A+'. The Outlook is Stable.