Comprehensive observation: "12th Five-Year" power investment construction speed

On January 5, Premier Wen Jiabao of the State Council presided over the executive meeting of the State Council and decided to implement a new round of upgrading and upgrading projects for rural power grids. At the National Energy Work Conference held on January 6, the National Energy Administration Director Zhang Guobao also stated that in the coming “Twelfth Five-Year Plan” period, the construction of rural power grids will continue to be the focus of power construction.

In addition to the construction of rural power grids, the construction scale of UHV lines will also be substantially expanded during the “12th Five-Year Plan” period, and these investments will first support local equipment suppliers, and China’s power equipment industry will also usher in gold along with the acceleration of power grid construction. Development period.

The executive meeting of the State Council held on January 5 opened the prelude to the “12th Five-Year” grid investment.

The meeting proposed that, in accordance with the new construction standards and requirements, the rural power grid in unreconstructed areas should be completely transformed. Secondly, upgrade the rural power grid that has been reformed but still has the problems of insufficient power supply capacity and low power supply reliability. Third, according to local conditions, the power supply facilities for irrigation of farmland in major grain-producing areas, rural economic crops and processing of agricultural and sideline products, and aquaculture of livestock and poultry shall be transformed to meet the needs of agricultural production and use of electricity.

At the same time, we must increase funding support. The capital of the rural grid upgrading and upgrading project in the central and western regions is mainly arranged by the central government. We will continue to implement a policy of adding 2 cents per kilowatt-hour of electricity, which will be earmarked for the repayment of loans for the construction and upgrading of rural power grids.

Analysts said that in 2010, the state arranged about 12 billion yuan of financial funds for the transformation of rural power grids. It is expected that the annual investment in rural power grids will not be lower than the previous year in the next three years. In addition, the 2 cents of rural net repayment funds included in the electricity charges are estimated according to the amount of power generation. At present, the scale of the funds should be more than 50 billion yuan each year. Experts predict that the three-year rural network reconstruction project will drive more than 180 billion yuan in investment, and it is even expected to exceed 200 billion yuan. It is reported that during the “Eleventh Five-Year Plan” period, the total investment in China's rural power grid reconstruction reached 145.5 billion yuan.

At the same time when the rural power grid is upgraded and upgraded, the construction scale of China's UHV power grid will also be greatly expanded.

On January 6, Liu Zhenya, general manager of State Grid Corporation of China, announced at the mobilization meeting for the first UHV transmission line expansion project in the world that during the "Twelfth Five-Year Plan" period, China will invest more than 500 billion yuan to build a "three vertical and three horizontal" UHV exchange. Backbone grid and 11 UHV DC transmission projects.

In recent years, with the continuous expansion of the trans-regional and inter-provincial power transmission scale, the development mode of China's power is constantly changing, and the speed of power grid construction is also accelerating. Since 2008, the scale of power grid construction has begun to exceed the power supply construction. CEC data show that in 2009 the country’s investment in power infrastructure completed a total investment of 380.3 billion yuan, the completion of power grid infrastructure investment reached 389.8 billion yuan, and the grid construction scale was 9.5 billion yuan higher than that of the power supply.

According to the “Twelfth Five-Year Plan” of the power industry, the "Twelfth Five-Year Plan" research report for the power industry prepared by the Leading Group was compiled. The power investment during the "Twelfth Five-Year Plan" period is approximately 2. 75 trillion yuan, accounting for 51% of total investment in electricity, grid investment of about 2.55 trillion yuan, accounting for 48% of total investment in electricity, compared with the "Eleventh Five-Year" increase of about 3.0 percentage points.

Electric power equipment has huge business opportunities and draws steel consumption demand. According to the experience, about half of the total investment in rural power grid reform will be invested in the power equipment industry. The State Grid also made it clear that the huge investment in equipment in the construction of UHV power grids will mainly support the development of the local electrician electrical equipment industry. This means that meeting the power equipment industry will usher in a huge opportunity for development.

Analysts said that with the new round of rural power grid reconstruction and UHV construction, secondary equipment such as transformers, switches, wire and cable, and other low-voltage power equipment and distribution automation will usher in a substantial expansion of the market.

It is understood that in the transformer production of ordinary steel accounted for 10%, about 35% of silicon steel, high-voltage switches need to use 25% of steel, power equipment industry will also stimulate the development of steel consumer demand.

The power transmission towers needed for power grid erection also require a large number of steel materials, especially sections for work, tanks, angles, H-beams, etc., and also have higher requirements for steel products, such as high strength requirements and good corrosion resistance.

In addition to power grid construction, power supply construction is also a major part of pulling power equipment. According to the “12th Five-Year Plan” research report of the “Power Industry” plan, the investment in electricity during the “12th Five-Year Plan” period will increase by about 68% compared with the “Eleventh Five-Year Plan” period, of which the power investment will be 2.75 trillion Yuan.

In the power supply investment, generators, power station boilers, steam turbines, etc. will have more pronounced effects on steel consumption. Generators and power station boilers, steam turbines constitute about 65-70% of the steel in the raw material composition.

It can be foreseen that the substantial increase in power investment including the power grid and power investment during the “Twelfth Five-Year Plan” period will indirectly stimulate the growth of the steel market demand in China.