Southern Power Grid to invest RMB 102.5 bln in grid construction
Published: 27 May 2009 00:56:10 PSTMay. 27, 2009 (China Knowledge) - China Southern Power Grid said that it will invest RMB 102.5 billion in power gird construction in five southern provinces this year, sources reported. The capital invested in Guangdong Province will amount to RMB 45 billion, while the funds invested in the Pearl River Delta will be RMB 28.9 billion. The company has signed strategic agreements with Guizhou, Yunnan, Hainan and Guangxi Provinces to fund power grid construction. The company allocated RMB 14.64 billion for power grid construction in Guangxi, RMB 13.4 billion for Yunnan, RMB 12.3 billion for Guizhou and RMB 2.61 billion for Hainan. During the period from January to April, China Southern Power Gird spent RMB 19 billion on construction, 55.7% more than in the same period in 2008. The company will also strengthen cooperation with Vietnam, Laos, Burma, Thailand and Cambodia to optimize resource allocation. Last year, the company invested RMB 48.2 billion in power grid construction, and its electricity sales rose 4.9% year on year to 482.6 billion kwh. Copyright © 2009 www.chinaknowledge.com |
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