China to invest nearly $900 billion in power grids: state media

by Aurelia Butler 10 October 2020, 10:55 199 Views

Investments in power grids and related industries are expected to exceed 6 trillion yuan ($896 billion) in 2021-2025, Xinhua reported, citing Mao Weiming, chairman of the State Grid Corp of China, the country’s biggest power utility.

The investments will centre on areas such as ultra high voltage power transmission, electric vehicle chargers and new digital infrastructure, Mao said.

($1 = 6.6933 Chinese yuan renminbi)

Source: Economy - investing.com

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China to invest nearly $900 billion in power grids: state media

Crypto banks are going to swallow fiat banks in 3 years — or even less

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