Company profileShenzhen Power Supply Bureau Co. Ltd., a wholly-owned subsidiary of China Southern Power Grid, undertakes the mission of supplying power for 3.05 million clients in an area of 1,952.84 square
中国南方電網有限責任公司(ちゅうごくなんぽうでんもうこうし、中国語簡体字: 中国南方电网有限责任公司 、英文:China Southern Power Grid Company Limited、また民間では華南電
China Southern Power Grid Technology Co.,Ltd. (南方电网电力科技股份有限公司) (688248.SH) reported a net profit of 162 million yuan in the first three quarters of 2023,
China Southern Power Grid said the five regions that it covers have consumed 540 billion kilowatt-hours of clean energy during the first nine months, with the renewable energy generation efficiency reaching 99.81 percent, up 0.22 percent year-on-year. Newly added installation of new energy reached 3.31 million kWs.
"China Southern Power Grid also has two major pilot projects on power trading in Guangdong and Yunnan provinces, which provide both challenges and opportunities for the country's in-depth digitalization of its power networks," he added.
[Photo/Xinhua] China Southern Power Grid, one of the country's two major power grids, vowed to invest 670 billion yuan ($105 billion) recently in grid network construction during the 14th Five-Year Plan period (2021-25) to ensure power supply stability and boost green power consumption.
China Southern began the planning and construction of a digital power network during the 13th Five-Year Plan period (2016-20), laying a solid foundation for the company's digital transition.
However, the situation will gradually ease with efforts of the State-owned enterprises, said the National Development and Reform Commission, the nation's top economic regulator. China's tight energy supply situation will gradually ease due to the grid network operators' efforts, it said.
Both companies vowed to increase power supplies while implementing power price reforms. Analysts said while the two grid network companies already stepped up the digitalization of grid networks during the 13th Five-Year Plan period (2016-20), the transformation is expected to accelerate during the 2021-25 period.
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