State Grid Corp of China, the country's major power grid operator, plans to build a network of ultra-high-voltage (UHV) power transmission lines by 2020, linking major energy production bases with the nation's power-guzzling regions.
State Grid Corp of China signed an agreement with China Telecom over the weekend to cooperate in power grid and telecommunication areas, a move enabling China’s largest grid operator to take part in the triple network project, the China Business News reported Monday.
The State Grid Corp of China (SGCC), the country's largest power supplier, said it would invest 31.3 billion yuan this year to upgrade its power grid.
State Grid Corp of China said on Friday it planned to invest 100 billion yuan into building ultra-high voltage (UHV) power transmission lines over the next three to four years.
State Grid Corp of China said today that it will invest 100 billion yuan ($14.62 billion) to build ultra-high-voltage power transmission lines in the next three to four years.
State Grid Corp of China has initiated an emergency procurement plan this year worth 2.7 billion yuan in line with the government's policy to boost domestic demand.
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