China's power grid enterprises invested more than 600 billion yuan (around 90 billion U.S. dollars) in fixed assets in the first three quarters of 2026, accounting for two-thirds of the full-year estimated investment, data from the National Energy Administration (NEA) showed on Friday.
At a press conference held by the NEA, an official said that China's electricity load repeatedly hit record highs this summer, but power supply remained sufficient across all regions.
The NEA said that in the first three quarters of 2026, investment in key national energy projects showed a clear trend toward new, improved and green development, adding that investment related to new-type power grids has been released at a faster pace.
Investment in power grids, new-type energy storage and charging and battery-swapping infrastructure continued to grow in the first three quarters, with combined investment up 15.3 percent year on year, while investment in the hydrogen energy sector maintained rapid growth, doubling from the same period last year, according to the administration. Meanwhile, energy-sector investment completed by private enterprises exceeded 145 billion yuan.
"Since the start of the third quarter, domestic oil and gas supply has been generally stable and orderly, with crude oil and natural gas output from industrial enterprises above designated size rising 1.0 percent and 0.9 percent year on year, respectively. The foundation for coal as a backstop for energy security has been further consolidated. So far this year, 12 large modern coal mines have been approved, and newly-identified production capacity reserves have reached 22.6 million tonnes per year," said Xing Yiteng, deputy director of the Department of Development and Planning at the National Energy Administration.
China's power grid enterprises invest over 600 bln yuan in fixed assets in first three quarters
