20% Year-over-Year Growth! Guangzhou Power Supply Bureau's Fixed Asset Investment Reached 2.47 Billion Yuan in Q1 | Hot Finance

2.47B yuan, up 20% year over year—On March 26, the Guangdong Guangzhou Power Supply Bureau of the Southern Power Grid completed its first-quarter fixed-asset investment target 5 days ahead of schedule, delivering its expansion results. The funds invested in grid infrastructure are quickly flowing along the industrial chain, enabling coordinated operation and boosting upstream manufacturing and downstream energy use.

In January to February this year, Guangzhou’s total electricity consumption across society grew 7.33% year over year. Among them, electricity consumption in high-tech and equipment manufacturing increased by 9.76%, while electricity consumption in charging and swapping services grew by 20.43%. Electricity data and investment pace are rising in sync, confirming that grid investment is becoming an “accelerator” for industrial operations.

The driving effect of grid investment goes far beyond the power-consumption side. Data from the Guangzhou Municipal Bureau of Statistics shows that in January to February, Guangzhou’s fixed-asset investment grew 4.7% year over year, with the growth rate rising sharply by 11.4 percentage points compared with the whole of last year. Among this, private investment grew 34.3% year over year. As an important component of infrastructure investment, grid investment not only holds steady the base of infrastructure spending, but also helps restore market confidence.

Reporters learned that the Guangzhou Power Supply Bureau’s full-year investment plan closely follows the overall picture of urban development. It both builds solid defenses for safe operation of the large power grid based on regional coordinated development, and focuses on improving the quality of electricity supply services to meet people’s livelihood energy expectations. At the same time, it also targets the construction goal of a new power system and proceeds carefully with large-scale equipment replacement and upgrades in the power grid sector. These investments not only support the transformation and upgrading of the city’s industries, but also safeguard the steady operation and long-term development of manufacturing enterprises.

By｜Reporter Dong Pengcheng, Correspondent Li Song

Figure｜Photo provided by the interviewee