State Grid plans to invest more than 500 billion UHV in power grid in 2022 or enter the fast lane of development

Recently, at the 2022 annual work conference held by State Grid, Xin Baoan, chairman of State Grid, pointed out that in 2022, in terms of grid investment, State Grid plans to invest 501.

In an interview with a reporter from China Business News, a number of listed companies said that this good news will drive the development of the UHV industry and related industries

Industry insiders pointed out that in the context of carbon neutrality, UHV still has a large market space

The investment exceeds RMB 500 billion and reaches a new high

At the State Grid 2022 annual work conference, Xin Baoan pointed out that the total investment target for the development of State Grid in 2022 is 579.

Xin Baobao said that we must earnestly implement the company's "14th Five-Year" power grid development plan, accelerate the construction of a new power system, and promote the transformation and upgrading of the power grid to the energy Internet

It is clearly mentioned that the construction of key projects such as Baihetan-Zhejiang UHV DC and the second phase of Sichuan-Tibet railway construction and power supply should be promoted with high quality

"Previously, China has experienced a round of UHV high-speed construction

Based on such an assertion, the industry even put forward the assertion that UHV is already in excess

In this regard, Zhang Lin mentioned: "From the UHV line map that has been built so far, most of them are still north-south, and mainly build relatively short-distance transmission lines between neighboring provinces, and ultra-long-distance transmission lines are mainly constructed.
There are not many lines, and the terminals are mainly concentrated in the Yangtze River Delta regions such as Shanghai and the Pearl River Delta regions such as Shenzhen
.
Such UHV networks are more based on the development logic of thermal power
.
It is not difficult to find that although there are concepts such as new infrastructure construction However, from 2018 to 2020, UHV has experienced a short blank period, and the increased investment by State Grid this time will undoubtedly be a positive signal to boost the UHV market
.
”

The reporter learned that the concept of "new infrastructure" was first proposed at the Central Economic Work Conference held at the end of 2018
.
It is reported that the new infrastructure mainly includes 5G infrastructure, UHV, intercity high-speed railway and intercity rail transit, new energy vehicle charging piles, big data centers, artificial intelligence and industrial Internet
.
Among them, UHV is impressively listed
.

　　The mention of UHV again this time is inseparable from carbon neutrality
.

　　In March 2020, UHV construction was highlighted in the "Carbon Peak, Carbon Neutral" action plan released by State Grid
.
Among them, when talking about accelerating the construction of a strong and smart grid, the State Grid mentioned that at the transmission end, improve the main grid structure in the northwest and northeast, accelerate the construction of the Sichuan-Chongqing UHV AC main grid, and support the safe and efficient operation of cross-regional DC At the receiving end, expand and improve the main UHV AC grids in North China and East China, accelerate the construction of UHV backbone grids in Central China, build a platform for optimizing the allocation of water, fire, and wind resources, and improve the clean energy reception capacity
.

　　In addition, clean energy consumption is also crucial in order to match the overall deployment of carbon neutrality
.
To this end, the State Grid proposed to increase the transmission of clean energy across regions
.
The structure of the supporting power supply at the sending end will be optimized, and the proportion of clean energy transmitted will be increased
.
The new cross-regional power transmission channel is mainly to transmit clean energy, and it is proposed that the "14th Five-Year Plan" plans to build 7 circuits of UHVDC, with an additional power transmission capacity of 56 million kilowatts
.
By 2025, the inter-provincial and inter-regional power transmission capacity of the company's operating areas will reach 300 million kilowatts, and the proportion of clean energy transmission will reach 50%
.

　　Earlier, Xin Baoan said that during the "14th Five-Year Plan" period, the State Grid plans to invest 350 billion US dollars (about 2.
23 trillion yuan) to promote the transformation and upgrading of the power grid
.

　　The reporter learned that during the "14th Five-Year Plan" period, the State Grid planned and constructed the UHV project of "24 AC and 14 DC", involving more than 30,000 kilometers of lines, 340 million kVA of substation and conversion capacity, and a total investment of 380 billion yuan
.
In addition, in the "China Southern Power Grid's "14th Five-Year" Power Grid Development Plan released in November 2021, China Southern Power Grid mentioned that during the "14th Five-Year Plan" period, power grid construction will plan to invest about 670 billion yuan to accelerate the digital power grid.
And the process of modernized power grid construction, and promote the construction of new power system with new energy as the main body
.
Among them, the construction of distribution network has been included in the work focus of China Southern Power Grid's "14th Five-Year Plan", and the planned investment has reached 320 billion yuan
.

　　In Zhang Lin's view, in the context of carbon neutrality, UHV still has a large market space
.
"Combined with the current impact of carbon neutrality, the proportion of new energy power generation including photovoltaics and wind power will continue to increase in the future
.
These power generation methods are more concentrated in the northwest region or offshore, which is a vacancy in the current UHV construction
.
At present, the distribution network and urban power grid are still under construction, and the construction of UHV still has a relatively large development space in the future
.
" Zhang Lin said
.

　　The driving effect of the industrial chain is obvious

　　The huge investment in the power grid will undoubtedly provide a good driving effect to the industrial chain
.
In fact, grid investment has always been the core driving force for the development of the power equipment industry, and it is also the basis for determining the access and consumption of new energy
.

　　"This is good news that is very beneficial to the industry
.
" An insider of Jinguan Electric Co.
, Ltd.
(hereinafter referred to as "Jinguan Electric", 688517.
SH) told reporters
.

　　Jinguan Electric is a national high-tech enterprise mainly engaged in the research, development, manufacture and sales of power transmission, distribution and control equipment.
Its core products include metal oxide arresters, intelligent high-voltage switchgear, primary and secondary fusion ring network cabinets (boxes) and Sub-fusion on-column switches, etc.
, mainly serve the construction of strong and smart grid
.

　　Jinguan Electric insiders said that the company has been working in the field of arresters for many years, including UHV arresters, and the company has maintained cooperative relations with State Grid and China Southern Power Grid
.

　　The financial data for the third quarter of 2021 shows that in the first three quarters of 2021, Jinguan Electric achieved an operating income of 311 million yuan, a year-on-year decrease of 11%, and a net profit of 30.
7 million yuan, a year-on-year decrease of 24.
23%
.
In this regard, an insider of Jinguan Electric said: "The company's performance is related to the season, and it is more valuable to pay attention to the financial performance of the whole year
.
"

　　At the same time, there are also relatively conservative voices in the industry
.
Dalian Electric Porcelain Group Co.
, Ltd.
(hereinafter referred to as "Dalian Electric Porcelain", 002606.
SZ) stated that this is a positive.
At present, there will be a certain promotion effect in terms of planning, but it depends on the final promotion
.

　　Dalian Electric Porcelain is mainly engaged in the research and development, production and sales of ceramics for transmission lines, composite insulators, ceramics for power stations, and insulators and hardware
.
The main products include 70~840kN AC (DC) current suspended porcelain insulators, 10~1000kV AC composite insulators, ±500~±1100kV DC composite insulators, 10kV~1000kV power station pillar insulators/high voltage porcelain sleeves and various electric porcelain hardware,
etc.
Its main domestic customers are State Grid, China Southern Power Grid and its subordinate units
.

　　The report for the third quarter of 2021 shows that in the first three quarters of 2021, Dalian Electric Porcelain achieved an operating income of 763 million yuan, a year-on-year increase of 2.
27%, and a net profit of 148 million yuan, a year-on-year increase of 42.
23%
.
"From the perspective of the overall development trend, the company's operating conditions in 2021 are still good
.
" Dalian Electric Porcelain said
.

　　As a subsidiary of State Grid, Henan Pinggao Electric Co.
, Ltd.
(hereinafter referred to as "Pinggao Electric", 600312.
SH) insiders said that this is a relatively positive signal, and it will definitely have a relatively positive impact on the company, but the specific The impact depends on the actual situation
.
At present, the new crown pneumonia epidemic has been repeated, and there may be some uncertainties in the process of the planned investment amount, which should be considered in combination with the specific actual situation
.

　　In addition, Pinggao Electric also mentioned that its core business is still UHV, which is its business with the highest technology content and the best product quality, and it is also the field with the highest continuous investment
.
"We will definitely continue to maintain our focus in this area
.
"

From: China Business Network