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In the first quarter, State Grid completed fixed asset investment of more than 90 billion yuan
2025-05-13 source:CCTV.com

CCTV News: In the first quarter, the scale of fixed asset investment in the State Grid business area hit the highest level in the same period in history, and the cumulative electricity volume of green electricity transactions increased by 74% year-on-year.

In the first quarter, State Grid completed fixed asset investment of more than 90 billion yuan, a year-on-year increase of nearly 30%, a record high in the same period. The scale of cross-provincial and cross-regional green electricity transactions continued to expand, and the cumulative power transaction volume of State Grid inter-provincial trading reached 356.9 billion kWh, a year-on-year increase of 6.3%; the cumulative power transaction volume of green electricity transactions was 145.5 billion kWh, a year-on-year increase of 74%.

It is understood that in the second quarter, State Grid will accelerate the commissioning of ultra-high voltage projects such as Longdong-Shandong, Ningxia-Hunan, Hami-Chongqing, and pumped storage units such as Jinyun, Jiangsu Jurong, and Zhejiang Ninghai, to accelerate the construction of supporting projects for new energy delivery, and provide stronger guarantees for economic and social development and energy transformation.

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