China Southern Power Grid Co., Ltd. (CSG) invested 25.08 billion yuan ($3.63 billion) in fixed assets in January and February, an increase of 95.3 percent over the same period last year. CSG intensified its efforts to ensure an inspiring first quarter of 2026.
Major projects are the engines of economic growth, and CSG has built a number of them since the beginning of 2026, including the ultra-high voltage power line from Xizang Autonomous Region to the Guangdong-Hong Kong-Macao Greater Bay Area, the Sanshan Island Offshore Wind Power Flexible DC Transmission Project and the Zhaoqing Langjiang Pumped Storage Power Project. During Spring Festival, more than 2,000 construction workers stayed on the job to ensure the projects were completed on time. With 134 million yuan in investment, Hainan Province’s first power tunnel across the river began operation in February, ensuring a stable power supply to Haikou, the capital of Hainan.
The booming artificial intelligence industry requires massive computing power, driving a sharp increase in electricity consumption. In the first two months of 2026, power consumption at the Guian New Area in Southwest China’s Guizhou Province rose by 51.6 percent over that of the same period last year. The Machang transmission and transformation project, with a total investment of 500 million yuan, is now in its final stage of construction.
“The project is scheduled to be completed by the end of March. With a capacity of 2 million kilowatts, it is expected to ensure the stable power supply to 26 large data centers in Guian New Area,” said Zhang Ruizhi, the project leader.
More investment was tilted to the infrastructure of charging. At the end of January, the Baimajing supercharging station in Danzhou City, Hainan, began operation with 40 high-power chargers. On top of the current investment of 12 million yuan ($1.74 million), another 17 million yuan ($2.46 million) will be added to expand the station to triple the annual charging capabilities to 35.76 million kilowatt-hours.
The huge investment in the grid can boost the development of the whole supply chain. Since the beginning of 2026, CSG’s bids on materials and construction have increased by 30 percent in capital. CSG procured more than 1 million metering equipment items, such as energy meters. In the first two months, the company supplied 12.1 billion yuan ($1.75 billion) worth of materials, an increase of 57 percent over the same period last year. These efforts contribute to the coordinated development of the electrical equipment manufacturing industry and expand the input of capital.
In the future, CSG will make every effort to pursue steady revenue growth and expand investment. It will facilitate the preparation and building of projects, ensuring that its investment in fixed assets surpasses 35 billion yuan ($5.07 billion) in the first quarter of this year, in order to better contribute to the high-quality development of the economy and society.
(Executive editor: Yuan Ting)
