China State Grid Plans Record $89 Billion Spend Amid Green Surge
This article is for subscribers only.
State Grid Corp. of China, the nation’s largest power network operator, plans to raise investments to a record as it seeks to keep pace with surging renewable generation.
The grid operator for roughly 80% of the nation will spend more than 650 billion yuan ($89 billion) this year, according to a report from state-run CCTV. The firm last year said it planned to spend about 600 billion yuan on capital expenses.