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China 2024 Power Grid Investment To Reach CNY600 Billion

CHINA PRESS

China State Grid Corporation will invest a record CNY600 billion this year, up CNY71.1 billion y/y, Securities Daily has reported. The State Grid will invest in ultra-high voltage projects, strengthening the connection between county and large power grids and upgrading grids to be intelligent and digital, according to reports. In H1, China’s electricity consumption increased 8.1% y/y, with agriculture, industry and services sectors up 8.8%, 6.9% and 11.7%.

MNI Beijing Bureau | lewis.porylo@marketnews.com

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