Fixed asset investment in the first quarter of this year for Southern Power Grid increased by 49.5% year-on-year.

The Southern Power Grid Company of China announced on the 2nd that in the first quarter of this year, the Southern Power Grid completed fixed asset investment of 384.5 billion yuan, a year-on-year increase of 49.5%. The scale of bidding and procurement reached 784 billion yuan, with the amount of goods and construction bidding increasing by 25% year-on-year; the supply of project materials reached 212 billion yuan, an increase of 43% compared to the same period last year; all goods payments were made on time, with a total of 168 billion yuan paid for various goods, a year-on-year increase of 41%. It is understood that the Southern Power Grid plans to complete fixed asset investment of 180 billion yuan by 2026, and during the "Five-Year Plan" period, the investment scale is expected to reach trillions, driving investment in the upstream and downstream industrial chains to reach 2 trillion yuan.