Investments in energy sectors set to increase

Quick Summary:

CHINA will extensively upgrade equipment and improve technologies in key energy sectors with a target to increase investments by 25 percent by 2027 compared to 2023 levels, according to a document issued recently by the National Development and Reform Commission and the National Energy Administration.

The plan targets seven areas for transformation, including thermal power, electricity transmission and distribution, wind power and photovoltaics.

In transmission and distribution, there will be a push to renovate old substations and power transmission lines, and replace outdated transformers and high-voltage switches to improve grid safety.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: /Business/Business News StarESG Thermal power Photovoltaics Energy Energy Construction

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 15:42:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 627 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22289538

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Official Website: thestar.com.my

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