This year, the power supply and demand in southern China is tight, and the China Southern Power Grid invested 100 billion yuan to ensure power supply and stabilize the economy

China Energy Storage Network News: China News Service, Guangzhou, January 21 (Wang Hualan Wang) China Southern Power Grid Co., Ltd. released the "Key Measures of China Southern Power Grid Co., Ltd. to Serve the Stable Development of the Economy" (hereinafter referred to as the "Measures") on the 21st, launching 27 key measures to ensure power supply and stabilize the economy from eight aspects, including expanding effective investment and supporting the development of the real economy. Among them, fixed asset investment in 2022 will remain above 100 billion yuan (RMB, the same below).

In 2021, the electricity demand in the five southern provinces and regions of China (Guangdong, Guangxi, Yunnan, Guizhou, and Hainan) was strong, and the total electricity consumption increased by more than 11% over the previous year. Information from the State Grid Corporation of China shows that the region currently has sufficient hydropower storage and coal reserves, and the power supply is stable and sufficient this spring, but the overall power supply and demand situation in 2022 is tight.

The "Measures" released on the same day proposed that we should give full play to the role of optimizing resource allocation, strengthen the overall coordination of the power supply capacity of the entire network and the mutual assistance of surpluses and shortages among provinces, optimize operation arrangements, go all out to ensure economic growth, social stability, electricity for people's livelihood, and the safety of the power grid, and resolutely prevent power outages.

The total investment of the State Grid Corporation of China during the 14th Five-Year Plan period (2021-2025) will exceed 620 billion yuan, with a focus on areas such as power supply, new power system construction, and digital transformation.

It is understood that the State Grid Corporation of China is accelerating the construction of a number of key power security projects, such as power transmission projects and pumped-storage power stations. Among them, the Central Channel and South Channel DC projects in the Guangdong-Hong Kong-Macao Greater Bay Area will be completed and put into operation in the first half of this year. Key projects such as the Fujian-Guangdong interconnection, Guangdong target grid, and the third power transmission channel to Macao will also be put into operation as scheduled. The energy security of the Guangdong-Hong Kong-Macao Greater Bay Area will be taken to a higher level.

At the same time, the State Grid Corporation of China has also implemented a "zero investment" policy for electricity installation for small and micro enterprises with an installed capacity of 200 kilowatts or less in the Guangdong-Hong Kong-Macao Greater Bay Area and 160 kilowatts or less in other areas; and leveraged the advantages of power big data to strengthen cooperation with financial institutions, improve financing efficiency for small and micro enterprises and reduce financing costs.

According to the plan of the Initiative, China Southern Power Grid will promote the establishment of the Lancang-Mekong Regional Standards Alliance, accelerate the interconnection of power grids with neighboring countries such as Laos and Myanmar, promote the substantive operation of the China-Laos cooperative power transmission network project, and expand border electricity trade in Yunnan.

In addition, China Southern Power Grid will also optimize its business layout around its main responsibilities and develop strategic emerging businesses, including adding 18,000 charging piles within the year; expanding the application of electric energy data and building value-added services for the electricity-carbon industry chain. (End)