China to make record investment to expand power grids
Mar 5, 2007 - Xinhua
The State Power Grid Corporation will
invest a record 220 billion yuan (28.6 billion U.S.
dollars) in fixed assets this year, of which 202.5
billion yuan (26.3 billion U.S. dollars) will be poured
into construction, company sources announced on Monday.
Part of the money will be used to start
work on a 52,000-km-long, 110-kv-and-above, alternating-current
electricity transmission project, with a transformation
capacity of 230 million kilo voltage amperes (kva).
This year the corporation will also
put into operation 48,000 km of 110-kv-and-above alternating-current
electricity transmission lines, with a transformation
capacity of 190 million kva, the sources said.
Company officials said technical upgrading
would be carried out to ensure grid security and that
no major blackout could occur.
Last year, the power grid corporation
extended an electricity power supply to an additional
545,000 households, covering 1.88 million people.