Washington, the next generation power line is here
Nov 13, 2008
The State Grid Corporation of China (SGCC), the Southern Power Grid Corporation and the Eastern China Grid Corporation are among China's transmission companies. The largest utility in the world, SGCC serves 26 provinces and 1.08 billion people with a peak load of 343 gigawatts (GW) and total investment in grid construction valued at US $31.8 billion in 2007. China's second largest utility, China Southern Power Grid, is ranked 226th in Fortune Magazine's Global 500 listing with revenues exceeding US $30 billion.
Throughout China, the existing regional grids have weak interconnections between provinces and largely non-existent interconnections between grids. In order to solve this deficiency, the Chinese government has plans to create a unified national power grid network by 2020.
The plans include what is known as the "West-East Electricity Transfer Project," which requires the construction of three major west-east transmission corridors: North, Central and South. The transmission capacity of each corridor is expected to reach 20 GW by 2020. While planning for such major infrastructure investments, the government would be well-positioned to lay the foundation for "smart grid" capacity across the country.
IT GETS BETTER!!! Business Opportunities for Foreign Companies
Opportunities exist for foreign corporations to benefit from "smart grid" investments in China. In March, American-owned Composite Technology Corporation announced an order valued at approximately US $3.1 million for high efficiency conductors. In June, ABB Ltd., a Swiss-owned manufacturer of power-generation equipment, won a US $70 million order for power equipment from the State Grid Corporation for a high voltage DC (HVDC) transmission link in northeastern China to transmit 3,000 megawatts (MW) from Inner Mongolia to Liaoning Province. ==================================== Nice to have your foot in the door on possibly the biggest grid expansion world. Siemens is the only other foriegn corporation the article notes as participating in the project.