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Strategies & Market Trends : ABB (Asea Brown Boveri) ADR
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From: tech1011/18/2009 3:06:37 PM
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China Tests High-Tech Power System

JANUARY 16, 2009, 8:28 P.M. ET

By SHAI OSTER

BEIJING -- China's monopoly electricity grid operator said it aims to spend as much as $14.6 billion over the next three to four years to roll out ultra-high-voltage power networks, making it one of the few countries to adopt the advanced technology.

State Grid Corp., China's leading grid operator and the world's biggest utility in terms of capacity, said Friday that last week it started the world's first commercial run of the new power-transmission technology, which the company says is more efficient over long distances than conventional power lines. The state-owned company is applying to regulators to approve its spending plan, State Grid executives said.

Only Russia and Japan have developed similar ultra-high voltage power lines. But because of high cost and relatively weak demand those countries haven't expanded the technology's use nearly as much as China plans to.

The new lines will be used to carry electricity from coal-rich inland provinces to the power-hungry coast. Foreign companies like Swiss ABB Ltd. and Germany's Siemens AG are landing contracts to help build some of China's new infrastructure, but much of the core technology will be developed within China, said Shu Yinbiao, State Grid's vice president.

Last winter, a snowstorm knocked out electricity for millions, exposing the weakness in China's system.

Write to Shai Oster at shai.oster@wsj.com
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