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.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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.
