Posts tagged ‘State Grid Corporation of China’

16/05/2014

China to build new hi-tech power network to help fight pollution | South China Morning Post

China will build the world’s largest high-power electricity transmission network as part of the country’s efforts to battle smog and pollution.

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The State Grid Corporation of China – the world’s largest state-owned utilities company – said on its website that the central government would soon approve plans for the construction of 12 power lines connecting the energy-rich interior with heavily industrialised coastal areas. The initial investment is estimated to be at least 210 billion yuan (HK$264 billion).

The 12 projects include eight ultra-high-voltage (UHV) lines, which offer distinct advantages over conventional power lines by transmitting electricity over significantly longer distances with far greater efficiency. Energy losses from UHV power lines are five to six times lower than the conventional ones, studies show.

Despite some concerns about the project – especially the vulnerability of such a broad network to system-wide failures – the emerging technology is being hailed as an ultimately far cleaner, more efficient way to deliver electricity across the country.

State Grid claims UHV power lines can reduce the density of PM2.5 smog particles, which are considered most dangerous to human health, by 4-5 per cent in central and eastern regions and cut coal consumption by 200 million tonnes a year.

via China to build new hi-tech power network to help fight pollution | South China Morning Post.

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03/02/2014

China’s Xinjiang sizzles with green energy – Xinhua | English.news.cn

Xinjiang Uygur Autonomous Region, a major power supplier in China, has accelerated the development of green energy as it recorded higher installed capacity in 2013.

English: Wind power plants in Xinjiang, China ...

English: Wind power plants in Xinjiang, China (Taken with a Nikon D70.) 中文: 中国新疆的风力发电厂。 (Photo credit: Wikipedia)

Statistics with the Xinjiang branch of the State Grid Corporation of China (SGCC) showed that by 2013, the combined installed capacity of wind power, hydropower and solar power stations exceeded 1,368 million KW, accounting for about one third of all installed capacity in Xinjiang.

The installed capacity of wind power stations reached 500 million KW, nine times of that in 2009, while the figure of solar power stations increased to 277.1 million KW from zero in 2010, according to a report released by the SGCC Xinjiang branch on Sunday.

Xinjiang is rich in both traditional and new energies.

A project to connect the Xinjiang power grid to the northwest China grid was launched in 2010 to transmit Xinjiang\’s redundant electric power to other parts of the country. The money made from this is used for developing Xinjiang.

The SGCC Xinjiang branch has put an average annual investment of 500 million yuan towards green energy projects.

Total installed capacity is expected to reach 6,048 million KW by the end of 2014, and that of green power will exceed 2,200 million KW.

via China’s Xinjiang sizzles with green energy – Xinhua | English.news.cn.

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30/05/2012

* China Buys Spanish Assets

WSJ: “A debt-laden Spanish construction firm became the latest European company to unload assets onto eager Chinese buyers, as Europes debt woes force firms to look to China for cash.

State Grid Corp., China’s government controlled power-grid operator, said Tuesday it would buy high-voltage electricity transmission assets in Brazil from Spain’s Actividades de Construccion y Servicios SA  for 1.86 billion reais ($938.2 million), including debt. The deal is State Grid’s second investment in Brazil and its fourth major investment overseas, and is the most recent in a string of deals in which a European company has looked to exit an investment amid financial troubles facing the region. ACSs standing has weaken because of its debts and the falling value of investments made during Spain’s boom years. Chairman Florentino Pérez, who is also the president of Spain’s soccer club Real Madrid CF, led ACS’s expansion when liquidity was abundant and Spain’s economy was booming on the back of a real-estate bubble that imploded about five years ago. As credit dried up, ACS began to cut down on debt by shedding assets. ACS currently has more than €9.33 billion ($11.70 billion) in debt, about a half of what it had a few years ago.

Other southern European companies have also been selling their crown jewels abroad to raise cash. Portugal, for example, is attracting significant investments from China because of its presence in former colonies that are resurfacing as high-growth markets, rich in natural resources. In December, fellow state-controlled power giant China Three Gorges Corp. won a 21% stake in EDP-Energias de Portugal SA— which has significant Brazil operations—with a €2.69 billion bid.

via China State Grid to Buy Brazilian Assets – WSJ.com.

Related posthttps://chindia-alert.org/2012/02/13/pattern-of-chinese-overseas-investments/

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