China will invest 4T RMB in the grid for the 15th FYP period. This is up 40% from 14th FYP, when 2.85T was invested. A lot of investment will be in building of new power system.
State Grid will initially build a new power grid platform with coordinated main, distribution, and microgrids, further consolidating the "West-to-East power transmission and North-to-South power supply" energy transmission network. It will accelerate the construction of UHV DC transmission channels, increasing inter-regional and inter-provincial transmission capacity by more than 30% compared to the end of the "14th Five-Year Plan" period, supporting the development and transmission of clean energy bases in the "desert, Gobi, and barren land" areas and large-scale hydropower bases in Southwest China.