In January and February, State Grid Corporation of China (State Grid) invested 75.7 billion yuan ($10.96 billion) in fixed assets, 80.6 percent more than that in the same period last year.
Since the beginning of 2026, State Grid has vigorously advanced the construction of ultra-high-voltage (UHV) projects and the main power grid while coordinating safety, quality and progress. It upgraded existing power stations with advanced technologies, installed supporting infrastructure for the grid and optimized the backbone grid. These measures aimed to ensure a stable power supply, facilitate the low-carbon transformation and inject strong impetus into the high-quality development of the economy and society.
State Grid advanced the construction of major engineering projects, such as UHV transmission lines and pumped storage hydropower plants. It is progressing as scheduled on the UHV projects of eight direct current transmission lines and four alternating current transmission lines and the supplementary equipment, as well as 37 pumped storage hydropower stations. A 35-kilovolt-to-750-kilovolt transmission and transformation project is also under construction.
In February, the 500-kV transmission project for the Qujiang Pumped Storage Power Station in Zhejiang Province and the 500-kV extension project for the Fule Transformer Substation in Sichuan Province began operations. Progress was also made as planned in other 500-kV transmission and transformation projects.
State Grid has made overall plans for the year on upgrading existing power stations with advanced technologies and building supporting infrastructure for the grid. It followed the work plan and adopted tailored strategies for procurement, construction and settlement, ensuring orderly project progress and driving coordinated development across the entire industrial chain.
As of March 6, State Grid had started 160,000 such upgrade and construction initiatives, and invested 33.73 billion yuan in these projects, marking a 150-percent increase year-on-year.
(Executive editor: Yuan Ting)
