Home> Biz Updates

Annual investment on Zhejiang's power grid infrastructures to rise 30% in 2022

ezhejiang.gov.cn| Updated: February 17, 2022 L M S

Zhejiang authorities recently announced that the planned total investment on the province's power grid infrastructures in 2022 would amount to 40 billion yuan ($6.3 billion), accounting for roughly 10 percent of the national aggregate, up nearly 30 percent from the year before.

According to State Grid Zhejiang Electric Power Co, ultra-high voltage (UHV) power transmission will be a priority in the construction of the power grid infrastructure as it is significantly better than traditional long-distance power transmission modes in terms of safety, stability, and capacity.

In 2021, Zhejiang purchased 176.7-billion-kWh electricity, around one third of its total power consumption, from outside the province, a reflection of the province's huge demand for long-distance power transmission.

State Grid plans to invest 13.893 billion yuan on the UHV power transmission from Baihetan Hydropower Station in Southwest China to Zhejiang in 2022.

station.jpg

Baihetan Hydropower Station. [Photo provided to chinadaily.com.cn]