On March 18th, a mobilization meeting was held for the commencement of Liaoning major power grid projects of the State Grid Corporation of China and the construction of Daya River and Xingcheng pumped-storage power stations at the site of Shenyang Shengjing power transmission and transformation phase II project.
The construction projects in this round include 55 major power grid projects, such as Fuxin Fengtian 500 kV, Panjin Liaobin 500 kV, and Yingkou Huguan 500 kV power transmission and transformation projects, as well as two pumped-storage projects — the Daya River and Xingcheng. With a total investment of 33.8 billion yuan, they are expected to attract more than 70 billion yuan in social investment and provide more than 20,000 job opportunities. Due to the advantages of large investment, strong driving force and significant mid- and long-term economic benefits, the power grid and pumped-storage projects will effectively promote the coordinated development of upstream and downstream enterprises in the industrial chains and of the regional economy. They will also improve the power supply guarantee capacity of Liaoning power grid, and better serve the economic and social development and energy transformation and upgrading of Liaoning.