How much power does China Southern power grid need?

BEIJING, July 11 (Reuters) - China Southern Power Grid saw power demand soar to a record 226 gigawatts (GW) on Monday, according to a post on the grid company's official Weibo account on Tuesday.

How much will China Southern power grid invest?

[Photo/Xinhua] China Southern Power Grid, one of the country's two major power grids, vowed to invest 670 billion yuan ($105 billion) recently in grid network construction during the 14th Five-Year Plan period (2021-25) to ensure power supply stability and boost green power consumption.

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.

How much will China's power grid invest in 2021-25?

State Grid Corp of China, the largest power provider in the country, also pledged to invest 2.23 trillion yuan in the power grid, which means the country's total grid network investment will soar to 3 trillion yuan during the 2021-25 period. Both companies vowed to increase power supplies while implementing power price reforms.

Why did China's electricity output hit a new record?

On the same day, Chinese state-owned power generator China Energy reported that its total daily electricity output hit a new record of 4,090 gigawatt hours on Monday as they sought to meet surging loads in the south and east of the country, state media outlet Xinhua said on Tuesday.

How many kW is China's new electric power system?

Newly added installation of new energy reached 3.31 million kWs. China, which vowed to bring its carbon emissions to a peak by 2030 and reach carbon neutrality by 2060, has pledged to build a new electric power system with the share of new energy resources rising further.