China Southern to boost Chinese Power Grid investments
China Southern Power plans to increase investment in the country's grid networks by almost a third of its previous investment.
The company is expected to invest US$61 billionn between 2011 and 2015, 32 per cent more than the previous US$45.8 billion spent in the last five years.
China Southern Power Grid Corp., 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.
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Tags: investment in grid networks
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