Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
State Grid Plans RMB31 Billion Investment in Pumped Storage Projects This Year
Recommend 1 Positive 1 Negative 1 |
||||
|
||||
|
China's State Grid plans to invest RMB31 billion (approximately USD4.5 billion) this year to complete pumped storage projects. By 2030, the installed capacity of pumped storage facilities in operation under State Grid is expected to exceed 78 million kilowatts, providing more than 150 million kilowatts of power regulation capacity, representing an increase of over 70% compared with the end of the 14th Five-Year Plan period. Chen Weiyong, Director of the Preliminary Work Division (Development Planning Department) of the State Grid Pumped Storage Division (Xinyuan Group, Xinyuan Holdings), stated that the investment will strongly promote coordinated development among power generation, electrical equipment, energy-consuming equipment and raw material enterprises, and drive more than RMB60 billion in upstream and downstream industrial chain investment. This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
