China Southern to Boost Investment in Chinese Power Grid

24 January 2011 (Last Updated January 24th, 2011 18:30)

China Southern Power Grid Corp plans to increase investment in the country's grid networks by almost a third of its previous investment. The company is expected to invest CNY400bn ($61bn) between 2011 and 2015, 32% more than the previous CNY302bn ($45.8bn) spent in the last five years.

China Southern Power Grid Corp plans to increase investment in the country's grid networks by almost a third of its previous investment.

The company is expected to invest CNY400bn ($61bn) between 2011 and 2015, 32% more than the previous CNY302bn ($45.8bn) spent in the last five years.

The firm, which operates networks in five provincial areas in south China, will use 28% of the proposed investment for rural areas, according to Shanghai Daily.

China is improving its grid coverage to provide access to electricity for more homes and is also investing in a power network generated by renewable sources like wind.