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BIZCHINA / Center
Tibetan electricity deal inked
By Wan Zhihong (China Daily)
Updated: 2007-07-28 09:04
The State Grid Corp of China (SGCC), the nation's largest electricity
transmission company, has signed an agreement with the Tibet Autonomous
Region government to form a power company.
The Tibet Power Co Ltd will enjoy a series of preferential policies and
serve as the main body for the central government's financial support for
power construction in the region.
The company will help promote hydropower development, develop new
energies, and expand the grid network and power supply coverage in the
region, said the SGCC
The SGCC plans to invest over 200 billion yuan this year in a further
effort to provide electricity to every rural household in the country
during the 11th Five-Year Plan (2006-10).
It invested 176 billion yuan to extend its grid in 2006, up 47 percent
year-on-year.
The company last year began to build China's first ultra-high voltage
transmission line, the country's first move to transmit power over a long
distance using 1,000-kilovolt (kV) alternating current.
The line, which will stretch 653.8 kilometers and cross China's Yellow
River and the Hanjiang River, will transmit power produced in Shanxi
Province, China's largest coal production base, to Nanyang city of
Central China's Henan Province and then on to Jingmen city of Central
China's Hubei Province.
With an estimated cost of over 5 billion yuan, the grid is designed to
have a rated voltage of 1,000-kV, and a transmission power of 5 million
kilowatts.
The SGCC has also built 30 exchange stations that play an important role
in building a power system by optimizing allocation.
China's grid companies are now investing billions of yuan to connect
power networks. Two giant companies, the SGCC and China Southern Power
Grid Co Ltd, are increasing expansion of the nationwide power grid, which
will involve a total investment of more than 1 trillion yuan during the
11th Five-Year Plan.
Expansion of the grid will mainly focus on the West to East Power
Transmission Project, said Wang Yonggan, secretary of the China
Electricity Council.
(China Daily 07/28/2007 page10)
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