State Grid Corporation of China resolutely implements the decisions and arrangements of the Party Central Committee and the State Council on stabilizing growth and expanding investment, and continues to regard expanding effective investment as a key task in business development. On the basis of achieving a "fast start" in January, the State Grid Corporation of China took advantage of the momentum in February to accelerate the construction of power grids at all levels, and fixed asset investment achieved "acceleration". Statistics show that from January to February, a total of 75.7 billion yuan of fixed asset investment was completed, a year-on-year increase of 80.6%. The basic support of the power grid and the pulling effect of investment were significant.

The 1000 kV Yanwei high-voltage AC power transmission and transformation project under construction
Since the beginning of the year, State Grid Corporation of China has coordinated safety, quality and progress, vigorously promoted the construction of UHV and main grids, implemented a number of production technology transformation and distribution network infrastructure projects, continued to optimize the backbone power grid, ensured reliable power supply, accelerated the comprehensive green transformation, and injected strong impetus into high-quality economic and social development.
We will build strong projects such as ultra-high voltage and pumped storage energy. The "eight intersections and four direct lines" UHV projects under construction by State Grid Corporation of China and related flexible mutual aid projects, as well as 37 pumped storage power station projects, are progressing as planned. The State Grid Corporation of China has made advance plans for work resumption before and after the Spring Festival. From February 24, it dispatched a supervision team to the front line to carry out special supervision, supervise the comprehensive implementation of the "Five Basic Conditions for Resumption of Work" and standardized resumption procedures on site, and strictly carry out comprehensive capability assessments of work teams to ensure that all projects can resume work and production as soon as possible safely and efficiently.

Employees of Jiangsu Provincial Power Transmission and Transformation Co., Ltd. connect voltage transformers and arresters at the site of Yancheng Gaorong 500 kV power transmission and transformation project
The construction of power transmission and transformation projects from 35 kV to 750 kV has been steadily advanced and achieved phased results. State Grid Corporation of China has deepened the operation of hierarchical and classified management and escalation control mechanisms for projects, promoted the orderly approval and construction of projects, scientifically arranged project progress plans, and strived to achieve a balanced rhythm of tasks. In February, the Qujiang pumped storage 500 kV transmission project in Zhejiang and the main transformer expansion project of Fule 500 kV substation in Sichuan were put into operation. The 500 kV power transmission and transformation project of Aqi Beifeng Collection Station in Chifeng, East Mongolia and the 500 kV power transmission and transformation project in Xingbei, Hebei are being accelerated as planned.
In terms of power grid production technical transformation and distribution network infrastructure projects, State Grid Corporation of China plans overall arrangements for the year, strictly implements the work plan, implements classified policies to efficiently promote key links such as project procurement, construction, and settlement, promotes project progress in an orderly manner, and drives coordinated development of the entire chain and industry. As of March 6, State Grid Corporation of China has started 160,000 power grid production technology transformation and distribution network infrastructure projects, with a total investment of 33.73 billion yuan completed, a year-on-year increase of more than 150%.

State Grid Xinyuan Jiangxi Fengxin pumped storage power station upper reservoir construction area
The State Grid Corporation of China will conscientiously implement the spirit of the National Two Sessions, coordinate the annual investment plan, continue to accelerate the construction of power grids, give full play to the leading role of the industrial chain, effectively ensure national energy security, serve the green and low-carbon transformation, and provide dynamic support for achieving a good start in the "15th Five-Year Plan".





