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Home > News > Valuable News > Over 500 billion fixed investment projects were approved for centralized energy

Over 500 billion fixed investment projects were approved for centralized energy

ECHEMI 2019-08-23

energy-investment

On August 16, the data released by the National Development and Reform Commission showed that 106 fixed assets investment projects were approved and approved in the first seven months of this year, with a total investment of 542 billion yuan, of which 79 were approved and 27 were approved, mainly in energy, transportation and high-tech industries.

On August 16, Meng Wei, deputy director and spokesman of the Policy Research Department of the National Development and Reform Commission, said that from the July approval situation, the new section of the Zhengzhou-Jinan Railway from Puyang to Jinan approved by the State Development and Reform Commission would strengthen the connection between the Central Plains urban agglomeration and the Shandong Peninsula urban agglomeration, improve the layout of the high-speed railway network and promote the economic communities along the line. It will play an active role in development. The approved Yunnan-Guizhou interconnection channel project plays an important role in strengthening the interconnection and interconnection of power grids in Yunnan and Guizhou provinces, promoting the absorption of surplus hydropower in Yunnan, improving the utilization ratio of Guizhou's outgoing channel, and enhancing the power security capacity of Guangdong, Hong Kong and Macao Dawan District. On August 16, Pangu think tank senior researcher Pan He-lin said in an interview with Securities Daily that fixed asset investment projects in infrastructure areas such as transportation and energy have always been a "big block" and the key direction of "stable investment". In fact, in the past two years, we have been paying attention to the factors of "production factors" to consider these projects. Transportation is still a complementary project for the western region of China, and it is still of great value to reduce logistics costs. Fixed assets such as energy can help to reduce the dependence of energy on the outside world. Especially, the short board of clean energy can meet the needs of green development and high-quality economic development. High-tech industry is a hot spot and key area of fixed assets investment, such as high-end manufacturing industry, new infrastructure such as artificial intelligence, industrial Internet, Internet of Things and other areas of infrastructure investment. Liu Xiangdong, deputy researcher of the Economic Research Department of China International Economic Exchange Center, told the Securities Daily that the acceleration of capital investment is mainly due to the need to play the role of capital investment in promoting economic growth and stabilizing economic growth in the current economic situation, and that economic and social development also requires more high-quality infrastructure projects. It meets the needs of transformation and upgrading of modern society. At present, there are many projects approved by the Development and Reform Commission, and there are many reserve projects in subsequent places. It is estimated that the scale of fixed investment may increase to more than trillion yuan.

Compared with the first half of the year, the speed of approval of fixed assets investment by the Development and Reform Commission in July was significantly accelerated. Pan He-lin said that the main reason for this year's marked increase in the speed of verification of fixed assets investment projects is the need for "stable investment", and the speed of approval is expected to continue to accelerate in the second half of the year. The scale of fixed assets investment approved by the Development and Reform Commission this year is larger than that of last year. According to the growth rate in the first half of the year, the investment scale is nearly trillion yuan.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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