Thursday, February 23, 2012

State Grid: Investment in Smart Grid This Year Will Exceed 300 Billion Yuan


State Grid released its 2011 Social Responsibility Report on Feb. 21 in Beijing. It is the first central enterprises to release social responsibility report during the "12th five year" period. According to the social responsibility commitments, the State Grid said this year the investment in smart grid will be over 300 billion yuan. It is expected to solve the problem of electricity supply to more than 400,000 people.

State Grid vice president the Cao Zhi-an introduced achievements in the change of network development mode in year 2011 at the press conference: the 1000 kV UHV AC expansion project put into operation; transportation of the load expanded to 5 million kilowatts with stability, fully proved the safety and economical efficiency of the UHV transmission; put into operation of the Qinghai-Tibet networking project, solved the power shortage problem in Tibet; a number of initiatives to support wind power grid-connection, the wind power capacity of the company's business area is more than 42 million kilowatts; installation of 51.62 million smart ammeters.


 
Reforms on Institutional mechanisms have also made an important breakthrough, power separation of major and secondary reform successfully completed, the 121 secondary business units, 85.4 billion yuan in assets and 218,000 employees are transferred smoothly. "Caozhi An added.

As the most critical enterprise for the configuration of power resources, last year State Grid completed the transaction power of 399.867 billion kwh on the electricity market, an increase of 11.54%. It is worth noting that giving only two transport lines, it completed 12.841 billion kwh of special high-voltage electricity trading last year. In addition, last year, it completed 122.44 billion kwh of large coal trading, and100.668 billion kwh of large hydropower electricity trading.

It is also revealed that in order to improve operational efficiency, State Grid is planning and improving the reform and reorganization of the subordinate units, and fully separating the research work under the anchor of the core business and the industry directly, setting up a number of industry groups and research institutes with different emphases, meanwhile vigorously building the smart grid, and other first-class equipment manufacturing bases such as electrician and electricity, so as to accelerate the pace of the technology industrialization of DC transmission, the UHV series compensation, the smart chip, etc.

According to the social responsibility commitments of State Grid, this year the investment in smart grid will be over 300 billion yuan. the electricity trading in the National Electricity Market will be more than 410 billion kwh, the funding of R & D on core technology and key equipment reaches 80 billion. It is expected to solve the electricity supply problem for more than 400,000 people.

According to the requirements for central enterprises social responsibility meeting held by SASAC at the end of last year, by the end of year 2012, all central enterprises must released the social responsibility report. 

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