As of September 4, 2025, Southern Grid Capital Holdings Co. . (Bloomberg) -- China's second-largest grid operator plans to invest 65 billion yuan ($9. 4 billion) in pumped hydro stations through 2030, as the country seeks more storage capacity to balance weather-dependent renewable power. 56% of the company's total. . According to China Southern Power Grid, the company has embarked RMB 180 billion for fixed-asset investment in 2026, marking a record high for fifth consecutive year, with an annual growth rate of 9. The company was formerly known as Yunnan Wenshan Electric Power Co.
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