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.

How will the new energy grid work?

It also pledged to work toward an optimized distribution of clean electricity generation on a broader scale, with the new grid channels to include at least 50 percent of renewable energy and the proportion of coal in interprovincial power delivery to be strictly controlled.