China’s State Grid To Invest $5.7 Billion Into Pumped Hydro Storage Plants

www.oann.com | 3/18/2016 | Staff
entengo (Posted by) Level 3
BEIJING (Reuters) – China’s State Grid Corp [STGRD.UL] will invest 38.7 billion yuan ($5.66 billion) to build five pumped hydro storage plants across the country, in an effort to ease the stranded power system amid Beijing’s push to boost clean energy consumption.

Pumped hydro storage plants could be used as reservoirs when demand is low and as hydro power stations to generate electricity when consumption picks up.

Plants - Provinces - Jilin - Hebei - Shandong

The five plants, located in the provinces of Jilin, Hebei, Shandong and Zhejiang, and far west region of Xinjiang, will have a combined capacity of 6 gigawatts (GW) and are expected to be launched by 2026, the State Grid Corp said in a statement on Wednesday.

The state-backed company currently has 19.23 GW of pumped hydro...
(Excerpt) Read more at: www.oann.com
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