China to increase installed power capacity by 500 mln kW over next 5 years

18:16, January 07, 2011      

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China plans to increase its installed power generation capacity by 500 million kilowatts over the coming five years, a State Grid Corporation of China (SGCC) official said Friday.

China's installed electricity capacity had reached 960 million kilowatts at the end of 2010, SGCC general manager Liu Zhenya said at the company's annual work meeting in Beijing.

The company's revenues increased 22.4 percent year on year to 1.5 trillion yuan (226.59 billion U.S. dollars) in 2010, Liu said.

From 2006 to 2010, SGCC's investment in its power grid topped 1.2 trillion yuan, exceeding the total investment during the previous 56 years, since the founding of the People's Republic of China, he said.

SGCC is China's biggest electric power transmission company, distributing electricity to 88 percent of the country's territory.

Source: Xinhua
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