National Grid's domestic investment in 2010 will reach 300 billion yuan

On October 21st, at the 4th China Latin American Business Summit, an internal manager of the State Grid Corporation of China interviewed the reporter and said that the State Grid will invest RMB 300 billion in domestic investment in 2010. In the past five years, the fixed investment of the national grid has been 40 billion U.S. dollars, the investment direction is mainly domestic, and the proportion of the international market is relatively small.

The source said that the State Grid is currently more optimistic about the Latin American market, mainly considering cooperation in technology, engineering, power development and other aspects, the next Latin American region will become one of the main areas of national grid investment.

“At present, the State Grid has conducted research on smart grids and has accumulated certain experience in addressing new energy issues. In the future, it hopes to cooperate with Latin American countries in this regard. The State Grid has a great advantage in equipment technology. The next step will be Use this advantage to go out," said the source.

The source also stated that at the meeting, the State Grid also had some technical projects and financial projects that were communicating with the relevant units in Latin America, but they had not been confirmed.

According to reports, in Latin America, the National Grid is more optimistic about cooperation with Brazil, Argentina, Mexico, Colombia, Chile and other countries.

"Solving the new energy problem mainly depends on the smart grid, and the State Grid has increased the investment in the smart grid," the source said.

According to public information, the "863 Program" will invest 1.05 billion yuan in major projects of the smart grid during the "12th Five-Year Plan" period. This is the first time that the national level has conducted research on the smart grid.

State Grid Corporation (State Grid) was established in 2002. It is a pilot unit approved by the State Council for state-authorized investment and state-controlled companies. It invests in the construction and operation of the power grid as its core business, providing strong power security for economic and social development. The registered capital of the company is 200 billion yuan. The business area covers 26 provinces, autonomous regions and municipalities, covering more than 88% of the country's land area.