State Grid invests heavily in upgrading rural power grid

Time:2019-12-23 11:33:39      Source:China.org.cn

The State Grid Corporation of China invested 159 billion yuan (about 22.7 billion U.S. dollars) this year in electricity power grid upgrades in rural areas, the company has said.

China decided to upgrade the electricity power grid in rural areas to ensure stable nationwide coverage by 2020.

The State Grid finished the upgrades a year ahead of the previous plan and will continue to invest in rural areas next year, according to the company.

In 2019, the State Grid was expected to invest a total of 450 billion yuan and start the construction of 52,000 km of electric transmission lines with a voltage of 110 kV or above.

More investment will be used to replace coal with electricity as the main energy source in the northern part of China, which will help improve people's wellbeing and protect the environment, the company said.

Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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