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<标题>China So led flashlight uthern Power Grid to add R
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China So led flashlight uthern Power Grid to add RMB 60 bln investment in 2 yrs
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China Southern Power Grid to add RMB 60 bln investment in 2 yrsPublished: 13 Nov 2008 02:22:59 PST

Nov. 13, 2008 (China Knowledge) - China Southern Power Grid Co (CSG), the smaller of China's two state-owned power firms, plans to invest an additional RMB 60 billion to improve the urban and rural power grid, according to sources.

China Southern Power Grid is expected to receive an additional RMB 810 million in central government funding by the end of 2008, according to the Development and Reform Commission's (NDRC) plan to add RMB 100 billion central investments this year.

RMB 500 million and RMB 310 million will be used to improve power grids in western areas and rural regions respectively.

It was reported that the additional RMB 810 million will bring the company's total investment in infrastructure to RMB 4.05 billion for this year and the company is planning to raise its original expenditure plan by RMB 60 billion over the following two years.


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