The development Objectives and Prospects of Chinese Electric Power Investment and Construction during the 14th Five-Year Plan
During the "Thirteenth Five-Year Plan" period, the investment and construction in UHV field was about three times of that in the "Twelfth Five-Year Plan" period, and covering both AC& DC UHV power supply lines, we had separately constructed 3 lines, 7 lines, 2 lines, 4 lines and 6 lines in The thirteenth Five Years. New power supply lines in both AC and DC UHV which greatly improves the power grid's cross-regional power optimal allocation and clean energy consumption capacity. In addition, the power grid upgrading in central villages acrossing all small towns in China has been fully completed, the electric towers in the plain areas have been fully covered, and the impoverished villages have been connected with electricity, and the general service capacity and peak shaving capacity of the power grid have been comprehensively enhanced.
Otherwise, international power investment and cooperation were continuing to increase. In the first four years of the "13th Five-Year Plan", the actually foreign investment of the major electrical companies had separately achieved US$7.785 billion, US$19.3 billion, US$5.79 billion, and US$4.26 billion, and the increasing rate was 168.66%, 147.91%, -70%, and 26.4% if comparing to the first four years in the "Twelfth Five Year". By the end of 2019, the total foreign investment had acomplished US$87.85 billion, stimulating the "Go out" of labor services, standards, technologies and equipments. The main areas of foreign investment involve thermal power, hydropower, new energy, power transmission and transformation, and mineral resources. Countries along the "Belt and Road", such as Southeast Asia, South Asia, Europe, and South America, are the leading areas of the investment.
During the "14th Five-Year Plan" period, the development objectives of China's power investment and construction followed the new development concept, new development pattern and high-quality development concept. China earnestly implemented the major energy strategic thought of "Four Revolutions and One Cooperation" proposed by by General Secretary Xi. China's power investment and construction transformed and firmly took the road of "Green and Low-carbon, Clean and High-efficient" in accordance with requirements of the unified national deployment, accelerated the establishment and improvement of the power investment governance system, scientifically selected the direction of power investment. We will continue to optimize the power investment structure, expand the effective power investment scale, effectively promote the transformation and upgrading of power investment, constantly improve the modernization level of power technology, make every effort to build a safe and efficient power supply guarantee system, comprehensively promote the "upgrading of the power industry foundation and the modernization of the industrial chain", and finally realize the high-quality development of the power industry, Provide solid power support and power guarantee for the goal of building China into a prosperous, strong, democratic, civilized, harmonious and beautiful socialist modern power in the middle of this century.
Power investment and construction