Skip to content
Subscriber Only

Power Demand Means $65 Billion a Year Task for China State Grid

China State Grid Corp. will spend about 400 billion yuan ($65 billion) this year on its electricity networks as the nation, which last month reached a deal with the U.S. to curtail fossil fuels, copes with an unprecedented influx of clean energy and higher demand.

Spending will need to be maintained at current levels for the next five years to accommodate higher electricity consumption and contributions from new energy sources, Zhang Zhengling, a spokesman for China’s biggest power distributor, said in an interview in Beijing this week.