China To Invest Nearly $900 Billion In Power Grids: State Media

BEIJING: China will invest close to $900 billion in the next five years to help further develop the country’s power grids, the official Xinhua News Agency reported on Saturday.

Investments in power grids and related industries are expected to exceed 6 trillion yuan ($896 billion) in 2021-2025, Xinhua reported, citing Mao Weiming, chairman of the State Grid Corp of China, the country’s biggest power utility.

The investments will centre on areas such as ultra high voltage power transmission, electric vehicle chargers and new digital infrastructure, Mao said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Speak Your Mind

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get in Touch

350FansLike
100FollowersFollow
281FollowersFollow
150FollowersFollow

Recommend for You

Oh hi there 👋
It’s nice to meet you.

Subscribe and receive our weekly newsletter packed with awesome articles that really matters to you!

We don’t spam! Read our privacy policy for more info.

You might also like

Deaf Culture, Deaf Creatives, And The Quest For Language...

Melissa Malzkuhn Motion Light Lab Melissa...

AI 50: America’s Most Promising Artificial Intelligence Companies

Artur Tenczyński Artificial intelligence is beginning to be...

How Much Are U.S. Cities Spending On Policing In...

Back in 2017, a report compiled by The Center for Popular Democracy, Law for...