SGCC deployed 181 billion USD into power grid upgrades
China’s largest power grid network operator, State Grid Corp of China, deployed 1.2 trillion CNY on updates over the last five years.
State Grid Corp of China, the country largest power grid network operator has deployed 181 billion USD on domestic power grid upgrades over the past five years.
SGCC said the 181 billion USD is larger than the combined domestic power grid network investments from 1949 to 2005.
SGCC, which operates 88% of China's power grid network, sold 2.7 trillion kW hours of electricity and achieved sales revenue of 227 billion USD in 2010. The company reported a profit of 6.8 billion USD in the same year and hopes to boost that figure to 11 billion USD by the end of 2015.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey