This means that this year's grid investment has been a big reversal - in January this year, the State Grid had planned to 2020 grid investment plan at 408 billion yuan, down 8.8%.
In the power grid investment, UHV is the biggest. State Grid plans annual UHV construction project investment of 181.1 billion yuan, can drive social investment of 360 billion yuan, the overall scale of 541.1 billion yuan.
By the end of 2019, the State Grid has built a total of "11 and 11 direct" UHV projects, with a cumulative investment of more than 430 billion yuan.
The UHV project is under construction, with UHV line length and power transformation (commutation) capacity exceeding 38,000 kilometers and 400 million kVA (kW). In North and East China, UHV backbone grids have initially been formed, and the trans-provincial and trans-regional transmission capacity of UHV power grids has reached 130 million kilowatts.
Taking Qinghai - Henan ±800 kV UHVDC transmission project as an example, the project supporting power supply of more than 23 million kilowatts, will increase the output value of power transmission and transformation equipment manufacturing industry of about 14.8 billion yuan, will directly drive power supply and other related industries investment of more than 200 billion yuan, can increase more than 7,000 jobs.

On February 28, the ±800 kV UHV direct current project in northern Shaanxi - Hubei Province, which is the first newly started UHV project of the State Grid Corporation this year, with a total investment of 18.5 billion yuan, is expected to directly drive equipment production of about 12 billion yuan, drive power and other related industries investment of more than 70 billion yuan, and increase employment of more than 40,000 jobs.