Core Viewpoint - The approval of five inter-regional power interconnection projects will enhance China's cross-regional power support capacity, with a total investment of 24.4 billion yuan [1] Investment Details - The total investment for the five projects is 24.4 billion yuan, with State Grid investing 18.4 billion yuan and Southern Grid investing 6 billion yuan [1] - The projects will involve the construction of five flexible direct current converter stations, each with a capacity of 3 million kilowatts, and a total line length of 1,227 kilometers [1] Capacity and Operational Impact - The projects are expected to be operational before the peak summer demand in 2027, increasing the inter-provincial two-way power transmission capacity by 15 million kilowatts [1] - The enhancements will improve emergency support capabilities, operational flexibility, and reduce operational risks, thereby ensuring electricity supply for economic and social needs [1]

Core Viewpoint - The Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the National Energy Administration have released the "Power Equipment Industry Stabilization and Growth Work Plan (2025-2026)", which aims to expand domestic effective demand and stabilize power equipment demand through major energy projects [1] Group 1: Demand Expansion and Stabilization - The plan emphasizes the need to expand domestic effective demand by relying on major engineering projects in the energy sector [1] - It aims to stabilize the demand for power equipment by accelerating the development of large onshore wind and photovoltaic bases [1] Group 2: Renewable Energy Development - The plan promotes orderly construction of offshore wind power and encourages distributed development of wind and solar power [1] - It also supports the integrated development of wind and solar energy [1] Group 3: Coal and Hydropower Initiatives - The plan continues to implement the "three reforms" of coal power, promoting the construction of new-generation coal power and the orderly elimination of outdated capacity [1] - It actively promotes major hydropower construction and the development of pumped storage projects [1] Group 4: Nuclear Power and Grid Optimization - The plan supports the steady advancement of nuclear power development and the safe and orderly approval of several coastal nuclear power projects [1] - It aims to optimize the national power system design and approve the construction of key power interconnection projects [1] Group 5: Smart Grid and Energy Storage - The plan promotes the construction of smart microgrids and the application of energy storage on the power source and grid side [1] - It aims to enhance the grid's capacity to accept, allocate, and regulate clean energy [1]