CEC report: 11 trillion yuan of electricity investment in the next 10 years

On December 21, the China Electricity Council (hereinafter referred to as “CEC”) revealed at a news briefing held in Beijing that in the next 10 years, China’s total electricity investment will reach 11.1 trillion yuan.

This investment plan was written into the "Twelfth Five-Year Plan" Research Report of the Electric Power Industry (hereinafter referred to as the "Report"). Wei Zhaofeng, full-time deputy director of the China Electricity Council, said that the 11.1 trillion yuan will be invested in two batches, including 5.3 trillion yuan during the 12th Five-Year Plan and 5.8 trillion during the 13th Five-Year Plan period. .

Wei Zhaofeng also introduced that 5.7 trillion yuan will be invested in power supply construction and 5.4 trillion will be invested in power grid construction. The reporter noted that only the electricity investment during the “12th Five-Year Plan” period has increased by about 68% compared with the “Eleventh Five-Year Plan” period.

Electricity investment leap forward Zhang Xiaojing, deputy director of the External Liaison Department of the CEC, stated that since the planning and development departments of major power companies have participated in the research and preparation work, the report reflects the voice of China's power companies on the development of the industry. Zhang Haiyang, head of the news department of the China Radio Union, said that the “Report” will be an important reference for decision-making departments in formulating the “Twelfth Five-Year Plan”.

According to the “Report”, according to the plan for planning, the national electricity industry investment will reach 5.3 trillion yuan during the “12th Five-Year Plan” period, an increase of 68% over the “Eleventh Five-Year Plan”, of which the power investment will be 2.75 trillion Yuan, accounting for the total investment. 52%, grid investment 2.55 trillion yuan, accounting for 48%.

During the “Thirteenth Five-Year Plan” period, investment in the electricity industry in the country is expected to be as high as 5.8 trillion yuan, an increase of 9.4% from the “Twelfth Five-Year Plan”, in which power investment is 2.95 trillion yuan, accounting for 51% of total investment, and grid investment is 2.85 trillion yuan. 49%.

According to this scale of investment, the nation's total installed power generation capacity in 2015 will reach 1.437 billion kilowatts, an average annual increase of 8.5%. The total installed capacity of non-fossil energy sources will reach 474 million kilowatts, accounting for 33% of the total installed capacity, an increase of 6.3 percentage points over 2010. In 2020, the country’s installed power generation capacity reached 1.885 billion kilowatts, an average annual increase of 5.6%. The total installed capacity of non-fossil energy will reach 685 million kilowatts, accounting for 36.3% of the total installed capacity.

However, as the "Report" discloses a benchmark program for investment in the power industry for the next decade, actual investment may be higher. Ouyang Changyu, deputy secretary-general of the China United Electric Power Association, said that it is recommended that the country carry out the preparatory work according to a higher plan and prepare for development earlier.