China's major power generation enterprises saw a surge of investment in solar power projects. - AFP
BEIJING (Xinhua): China's major power generation enterprises saw a surge of investment in solar power projects in the first seven months of this year, official data showed.
The investment skyrocketed 304% from a year ago to 77.3bil yuan (RM51bil) in the January-July period, said the National Energy Administration.
These companies' investment in power engineering projects totaled 260bil yuan (RM171bil) during the period, up 16.8% year on year.
Investment in power grid projects increased 10.4% year on year to 223.9bil yuan (RM147bil), data showed.
As of the end of July, China's total installed power generation capacity stood at about 2.46 billion kilowatts, rising 8% from the previous year, said the administration.
