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| State Grid plans to invest 1.7 trillion yuan to build power grid during the "Twelfth Five-Year Plan" |
| 2011-3-9 10:06:07 |
Jia Fuqing, director of the State Grid Corporation's System Reform Office, said on the 8th that during the "Twelfth Five-Year Plan" period, the State Grid will invest 1.7 trillion yuan for grid construction, equivalent to about 300 billion yuan annually. State Grid previously stated that this year State Grid's preset fixed asset investment was 322 billion yuan, of which Grid Investment was 292.5 billion yuan, an increase of more than 10% year-on-year. The investment in the power grid last year was 264.4 billion yuan.
Jia Fuqing said that during the "Twelfth Five-Year Plan" period, it is necessary to continue to increase the proportion of clean energy power generation on the grid and reduce the proportion of coal power.