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Swedish state-owned utility Waterfall Energy plans to invest 20 billion kroner (about 15.
23 billion yuan) in the next five years to update and expand the power grid
.
In the next five years, Waterfall Energy plans to invest 15.
23 billion yuan to update and expand the power grid
Waterfall Energy is primarily a power producer and one of Sweden's largest grid companies, operating the grid in most of the country, supplying electricity to nearly 900,000 customers
.
Many of Waterfall Energy's power grids are currently aging or lack capacity in several areas to meet growing demand for electricity, and failure to upgrade will result in the risk of blackouts and threaten security of
supply.
Eva Vitell, director of distribution marketing at Waterfall Energy, told Reuters: "We have experienced too many blackouts and need to reduce outages
for our customers.
We will use this investment to modernize the grid and increase electrification
.
”
Vitell said the investments will be implemented by Vattenfall Eldistribution, a wholly owned subsidiary of Waterfall Energy, and funding will be provided
by the parent company.
In 2018, the company plans to invest about 4 billion crowns (about 3.
05 billion yuan).
The aging grid and its renewal is a major problem for a large part of the Swedish power system, the oldest of which has been installed for 70 years
.
Sweden's transmission system operator Svenska Kraftnat said last month it planned to replace about 400 kilometers of the grid in southwestern Sweden over the next decade, which could lead to cross-border power disruptions
.
Note: This article uses a real-time exchange rate of 1 SEK = 0.
7613 RMB
，
Swedish state-owned utility Waterfall Energy plans to invest 20 billion kroner (about 15.
23 billion yuan) in the next five years to update and expand the power grid
.
In the next five years, Waterfall Energy plans to invest 15.
23 billion yuan to update and expand the power grid
23 billion yuan to update and expand the power grid
Waterfall Energy is primarily a power producer and one of Sweden's largest grid companies, operating the grid in most of the country, supplying electricity to nearly 900,000 customers
.
Many of Waterfall Energy's power grids are currently aging or lack capacity in several areas to meet growing demand for electricity, and failure to upgrade will result in the risk of blackouts and threaten security of
supply.
Eva Vitell, director of distribution marketing at Waterfall Energy, told Reuters: "We have experienced too many blackouts and need to reduce outages
for our customers.
We will use this investment to modernize the grid and increase electrification
.
”
Vitell said the investments will be implemented by Vattenfall Eldistribution, a wholly owned subsidiary of Waterfall Energy, and funding will be provided
by the parent company.
In 2018, the company plans to invest about 4 billion crowns (about 3.
05 billion yuan).
The aging grid and its renewal is a major problem for a large part of the Swedish power system, the oldest of which has been installed for 70 years
.
Sweden's transmission system operator Svenska Kraftnat said last month it planned to replace about 400 kilometers of the grid in southwestern Sweden over the next decade, which could lead to cross-border power disruptions
.
Note: This article uses a real-time exchange rate of 1 SEK = 0.
7613 RMB
，
