Who is China Southern Power Grid co?

In accordance with a State Council rule on electric power system reform, China Southern Power Grid Co was officially launched and put into operation on Dec 29, 2002. It is a centrally-administered company, with the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) performing duties as its investor.

What is a southern power grid?

Southern power grids extend approximately 2,000 kilometers from east to west, covering a variety of sources for power generation, including water, coal, nuclear, pumped storage, oil, gas and wind.

How will China Southern power grid become a world-class Enterprise?

Meng Zhenping, Party secretary and chairman of China Southern Power Grid Co Ltd, said earlier the company will deepen its structural reform to become a competitive world-class enterprise and accelerate steps in the construction and investment of the new generation of power grids and related infrastructure.

Will China's power grid build a digital power grid?

China Southern Power Grid, one of the country's two major power grids, also plans to further step up digital power grid construction to make sure its percentage of nonfossil energy power generation accounts for 61 percent by 2030.

How much will China Southern power grid invest in 2021-25?

China Southern Power Grid, whose business covers Guangdong, Yunnan, Guizhou and Hainan provinces and the Guangxi Zhuang autonomous region, said earlier it will invest 670 billion yuan ($105.2 billion) in grid network construction during the 2021-25 period to ensure power supply stability and boost green power consumption.

Will China continue to invest in grid construction?

State Grid Corp of China, the world's largest electricity company by power generation capacity, vowed to continue investing in grid construction this year with 473 billion yuan ($73.5 billion) in investment, up 2.71 percent year-on-year.