China’s State Grid Plans 40% Surge in Investment Through 2030
An electricity tower near a residential apartment block construction site in Shanghai.
Photographer: Qilai Shen/BloombergThe State Grid Corp. of China plans to boost spending to 4 trillion yuan ($574 billion) over the next five years, as the nation races to expand its power network to keep pace with rising electricty demand and build-out of renewables.
The country’s largest grid operator will lift fixed-asset investment by about 40% through 2030, compared with the 2021-2025 period, the Shanghai Securities News reported on Thursday, citing the company.