China to invest almost $900 billion in power grids: state media

China to invest almost $900 billion in power grids: state media - Financial Markets Worldwide

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Products18 hours back (Oct 10, 2020 06: 55 AM ET)

© Reuters.
© Reuters.

BEIJING (Reuters) – China will invest near to $900 billion in the next 5 years to help further establish the country’s power grids, the main Xinhua News Company reported on Saturday.

Investments in power grids and associated markets are anticipated to surpass 6 trillion yuan ($896 billion) in 2021-2025, Xinhua reported, pointing out Mao Weiming, chairman of the State Grid Corp of China, the nation’s greatest power energy.

The financial investments will centre on locations such as ultra high voltage power transmission, electric car chargers and brand-new digital infrastructure, Mao stated.

($ 1 = 6.6933 renminbi)

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