China Southern to boost Chinese Power Grid investments

China Southern Power plans to increase investment in the country's grid networks by almost a third of its previous investment.

The company is expected to invest US$61 billionn between 2011 and 2015, 32 per cent more than the previous US$45.8 billion  spent in the last five years.

China Southern Power Grid Corp., which operates networks in five provincial areas in south China, will use 28% of the proposed investment for rural areas, according to Shanghai Daily.

China is improving its grid coverage to provide access to electricity for more homes and is also investing in a power network generated by renewable sources like wind.