What is China Southern power grid?

[Photo/Official Weibo account of China Southern Power Grid] China Southern Power Grid's 800-kilovolt ultra-high voltage direct current project was put into operation on Friday, and will transmit 33 billion kilowatt-hour water power from Southwest China to the country's southeast areas.

How much did China Southern power grid invest in the project?

The construction of the project began in December 2018 with an investment of 24.26 billion yuan ($3.48 billion), and is scheduled to complete in 2021. China Southern Power Grid's 800-kilovolt ultra-high voltage direct current project was put into operation on Friday. [Photo/Official Weibo account of China Southern Power Grid]

What's going on with China's power grids?

This is against the backdrop of the two major power grids experiencing sharp net profit declines a year earlier, with State Grid seeing a net loss of 926 million yuan while Southern Power Grid's net profit falling 81.3 percent year-on-year to 827 million yuan.

How much power will Guangdong have this summer?

Demand on the Southern Grid, which serves five southern provinces including economic powerhouse Guangdong, is expected to peak at 245 GW this summer, a year-on-year increase of 10%, the grid company added. Electricity demand typically surges in the summer months as higher temperatures push up household use of air conditioning.

Will China's power grid profits rebound?

[WANG HUABIN/FOR CHINA DAILY] Profits at China's two major power grid operators have witnessed a sharp rebound during the first quarter, thanks to the domestic economic recovery, and the trend is expected to continue throughout this year, said analysts.

Why are China's Industrial and oil refining cities urging people to curb electricity?

BEIJING, June 12 (Reuters) - Industrial and oil refining cities in southern China are urging firms and citizens to curb electricity, while Hainan province called for less power usage at peak times, as grids become more stressed due to persistent searing hot weather.