At the recent 2022 annual work conference, Xin Baoan, chairman of the State Grid, released the main objectives and key work for 2022. Xin Baoan pointed out that in 2022, in terms of power grid investment, the planned investment amount of the state grid was 501.2 billion yuan, exceeding 500 billion yuan for the first time, a record high.
Insiders pointed out that the new infrastructure will be the key direction of steady growth, and the new energy construction and power grid investment will be the main driving force for driving growth. The total investment scale of power grid is expected to achieve rapid growth during the 14th Five Year Plan period.
power grid investment exceeded 500 billion yuan for the first time
Xin Baoan pointed out that the total investment target for the development of State Grid in 2022 is 579.5 billion yuan, of which the planned investment in power grid is 501.2 billion yuan. Electricity sales reached 5.48 trillion kwh, a year-on-year increase of 6.0%. The inter provincial trading power was 1.28 trillion kwh, a year-on-year increase of 3.6%. The operating revenue was 3.31 trillion yuan, a year-on-year increase of 12.2%. The total profit was 78 billion yuan, a year-on-year increase of 13.7%; The net profit was 58 billion yuan, a year-on-year increase of 15.9%. The asset liability ratio was 56%, unchanged year-on-year. The profit margin of operating revenue was 2.23%, a year-on-year increase of 0.01 percentage points. R & D investment intensity was 1.2%, with a year-on-year increase of 0.05 percentage points.
Xin Baoan stressed that in 2022, it is necessary to scientifically study and judge the power supply and demand situation and better serve the power needs of economic and social development. We should make every effort to do a good job in major power protection work such as the Winter Olympic Games. Make every effort to ensure the power supply for the Winter Olympic Games and the winter Paralympic Games, and ensure 100% green power supply for the venues.
accelerate the construction of new power system
Xin Baoan pointed out that we should earnestly implement the company's "14th five year plan" for power grid development, accelerate the construction of a new power system, and promote the transformation and upgrading of the power grid to the energy Internet. In 2022, it is necessary to optimize and improve the company's action plan and power grid planning, and promote the major projects of new power system into the national planning.
We should deepen the feasibility study design, give full play to the territorial role, and approve and start UHV projects such as Wuhan Nanchang, Jinshang Hubei and Sichuan Chongqing networking within this year. Strengthen the resource reserve of high-quality pumping and storage station sites, and strive to approve pumping and storage projects such as Ziyun mountain in Hubei and Daya River in Liaoning.
We should promote the construction of key projects such as Baihetan Zhejiang UHV DC and phase II of Sichuan Tibet railway construction power supply with high quality. During the year, UHV projects such as Baihetan Jiangsu and Jingmen Wuhan, Fujian Guangdong interconnection, 500kV xionganton and other key projects were completed and put into operation. According to local conditions, we will promote the optimization of regional grid structure and the construction and transformation of distribution network, build a strong and intelligent urban distribution network, and implement the consolidation and upgrading project of rural power network. Accelerate the construction of new power system demonstration areas. Four pumping and storage power stations in Fengxin, Jiangxi and Taishun, Zhejiang were started, and five pumping and storage power stations in Jinzhai, Anhui and Huanggou, Heilongjiang were put into operation.
We should scientifically calculate the consumption capacity of each province during the 14th five year plan, promote the government to reasonably determine the construction scale and timing, and guide the orderly development of new energy. Actively serve the development of large-scale scenic base in Gobi desert. Focus on improving the system balance regulation capacity, and promote the flexible transformation of coal motor units and the research and development of power grid friendly new energy technology by classification. Promote the deepening application of "new energy cloud", improve the one-stop grid connection service level, focus on the extension of the whole industrial chain and expand "double carbon" value-added services.
Xin Baoan said that we should strengthen the construction of the digital technology support system of the new power system, enhance the perception and computing capacity of all links, and realize the observability, adjustability and controllability of the whole link of the power grid. Promote the construction and operation of power grid resources, customer service and other businesses, and deepen the application of online power grid, new generation dispatching technical support system, new generation power trading platform and so on. We will promote the construction of provincial energy big data centers in a standardized and orderly manner. We will deepen the application of data in the middle office, mine the value of data resources, strengthen the development of data products, and release the data multiplication effect.
power grid will meet the construction peak
Xin Baoan previously 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. China Southern Power Grid plans to invest about 670 billion yuan during the 14th Five Year Plan period. The total power grid investment of the two power grid companies during the 14th Five Year Plan period was as high as 2.9 trillion yuan. This is 13% higher than the total investment of the national power grid during the 13th five year plan and 45% higher than that during the 12th Five Year Plan.
Insiders said that this year, the state will launch a new round of UHV construction on a large scale, and all planned projects are expected to be approved. During the 14th Five Year Plan period, the State Grid planned to build the "24 AC and 14 DC" UHV project, involving more than 30000 kilometers of lines, with a total investment of 380 billion yuan. Among them, the State Grid plans to start "10 AC and 3 DC" 13 UHV lines in 2022. This means that UHV power grid will usher in a new round of construction peak.
Xinda Securities pointed out that the new infrastructure will be the key direction of steady growth, and the new energy construction and power grid investment will be the main driving force for driving growth. The total investment scale of power grid is expected to achieve rapid growth during the 14th Five Year Plan period.
Guorong Securities said that the power grid, as an important link of reverse cycle regulation, will accelerate investment in the power grid industry by superimposing problems such as large-scale consumption of new energy and changes in load structure. In the specific direction, the power grid side will focus on UHV, intelligent distribution network (distributed power generation), digitization, pumped storage, etc; On the power side, smart meters usher in a new cycle of replacement between old and new, the reform of the power market is expected to be further deepened, the price volatility and peak valley price difference are expected to increase, and the demand for industrial and commercial energy storage is expected to increase; On the grid connection side, the power generation power supply is equipped with energy storage, monitoring and other equipment, which mainly increases with the growth of new energy installation.
