Hainan Power Grid Corp plans to invest RMB 2.64 billion this year in improvements to the province's power system, Hainan Daily reported.
The company will improve the technology of the island's power grid this year by spending RMB 1.8 billion on upgrades to the urban and rural power grid. It will also upgrade power generation equipment.
Reportedly, Hainan Power Grid saw its investment scale, sales volume, fixed assets, transformation capacity and peak load double when it became a wholly-owned subsidiary of China Southern Power Grid five years ago.