China to Invest USD6.4 Billion in Rural Power Grid Upgrades This Year

China to Invest USD6.4 Billion in Rural Power Grid Upgrades This Year

Dou Shicong

Date: Fri, 03/23/2018 - 16:00 / source:Yicai
China to Invest USD6.4 Billion in Rural Power Grid Upgrades This Year
China to Invest USD6.4 Billion in Rural Power Grid Upgrades This Year

(Yicai Global) March 23 -- China will make total investments of CNY40.5 billion (USD6.4 billion) this year to transform and upgrade rural power grids in 26 provinces in the country’s central and western regions, with a focus on impoverished areas.

The government will provide CNY12 billion of the total investment, Xinhua News Agency reported China’s National Energy Administration Deputy Director Liu Baohua as saying.

China began to implement a new round of rural power grid transformation and upgrades in 2016 to address problems associated with the last-mile power supply in countryside areas.

Some 78,533 villages across the country have received power grid upgrades, while 33,082 poverty-stricken villages now have electric power access. The number of new motor-pumped wells has reached 1.6 million.

Some power grids in rural areas remain weak with insufficient power supply capacity, especially in impoverished areas in western China such as Tibet Autonomous Region, Liangshan Yi Autonomous Prefecture in Sichuan province, Nujiang prefecture in Yunnan province, and Linxia Hui Autonomous Prefecture in Gansu province. These areas will be the focus of new efforts to transform rural power grids.

Follow Yicai Global on

Keywords: rural area, Grid Upgrade, National Energy Administration