China Southern Power Grid Corp plans to increase investment in the country’s grid networks by almost a third of its previous investment.
The company is expected to invest CNY400bn ($61bn) between 2011 and 2015, 32% more than the previous CNY302bn ($45.8bn) spent in the last five years.
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The firm, which operates networks in five provincial areas in south China, will use 28% of the proposed investment for rural areas, according to Shanghai Daily.
China is improving its grid coverage to provide access to electricity for more homes and is also investing in a power network generated by renewable sources like wind.
