The annual Electroweb investment plan breaks through 500 billion yuan for the first time to speed up the construction of a new power system.

Published: Jan 25, 2022 09:36
[annual Electroweb investment plan breaks through 500 billion yuan for the first time to accelerate construction of a new power system] in 2022, the country's Electroweb plans to invest a total of 579.5 billion yuan, of which Electroweb invests 501.2 billion yuan, and the annual Electroweb investment plan exceeds 500 billion yuan for the first time. Data show that the total investment of China's Electroweb during the 14th five-year Plan period is close to 3 trillion yuan, which is higher than the national Electroweb investment of 2.57 trillion yuan and 2 trillion yuan during the 13th five-year Plan and the 12th five-year Plan period. With the continuous progress of carbon neutralization related work and the acceleration of investment in new power systems, Electroweb investment will continue to grow rapidly.

In 2022, the total investment in the development of the Electroweb plan is 579.5 billion yuan, of which 501.2 billion yuan is invested by Electroweb, and the annual Electroweb investment plan exceeds 500 billion yuan for the first time. Data show that the total investment of China's Electroweb during the 14th five-year Plan period is close to 3 trillion yuan, which is higher than the national Electroweb investment of 2.57 trillion yuan and 2 trillion yuan during the 13th five-year Plan and the 12th five-year Plan period. With the continuous progress of carbon neutralization related work and the acceleration of investment in new power systems, Electroweb investment will continue to grow rapidly.

Because of the strong random fluctuation of new energy power, a large number of alternative conventional units have an impact on the stability of Electroweb. With the wide application of interactive energy devices such as superimposed electric vehicles, distributed energy and energy storage, the power system presents the "double high" characteristics of high proportion of renewable energy and high proportion of power electronic equipment. In addition, the electricity demand shows the characteristics of "bimodal" in winter and summer, and the peak-valley difference expands with the increase of electrification rate. In order to adapt to the grid connection and consumption of new energy under the situation of "double high" and "double peak", the power system needs to be transformed and upgraded urgently.

According to the theme database of the Financial Associated Press, among the relevant listed companies:

Perry's main products are high-power electronic devices, which are the core converter devices for power generation, transmission and distribution, power conversion, energy storage, energy saving and environmental protection and other equipment.

Dalian Electric porcelain has always been in the vanguard position in the field of suspended porcelain insulators, so it has an obvious competitive advantage in UHV suspension porcelain insulators. In the UHV centralized bidding organized by Electroweb, the bid amount and quantity are ahead of other competitors.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
15 hours ago
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Read More
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan
15 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
15 hours ago
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Read More
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.
15 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
15 hours ago
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Read More
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."
15 hours ago