PBOC Seeks Public Comments on New Account Management System Regulations

During the Labour Day holiday, Suzhou power grid's cumulative electricity consumption reached 2.094 billion kWh, up 9.39% YoY. The maximum load across the entire grid climbed to 22.238 million kW, up 8.39% YoY. The maximum PV output across Suzhou's entire power grid reached 5.649 million kW, up 34.37% YoY.

Recently, the Sichuan and Chongqing UHV AC reinforcement project was approved by the National Development and Reform Commission (NDRC). With a total investment of 15.46 billion yuan, the project involves the construction of two new 1,000kV substations in northern Sichuan and eastern Chongqing, adding 12 million kVA of transformer capacity, and building new 1,000kV double-circuit lines of 2×490 km including the Chuanbei–Yudong–Bayue section. It is reported that this project is an important component of the Sichuan and Chongqing UHV AC backbone grid framework, capable of supporting the integration and electricity consumption of the receiving-end converter stations for the Xinjiang-to-Sichuan-and-Chongqing DC transmission.

On May 9, the Ministry of Industry and Information Technology recently issued a notice officially launching the Artificial Intelligence Science and Technology Ethics Review and Service Pilot Plan. Leveraging provinces hosting National Artificial Intelligence Industry Innovation and Application Pilot Zones, the initiative will take the lead in exploring implementation pathways for AI science and technology ethics review and services, improve multi-party participation and collaborative and efficient governance mechanisms, and support responsible AI innovation and high-quality industrial development. Recently, the Shandong-Jiangsu Back-to-Back Interconnection Project was officially approved by the National Development and Reform Commission (NDRC).