Page 16 - AsiaElec Week 37 2021

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GRID State Grid and enhancing the competitiveness Chindata Group participates
of the entire sector is a big topic under China’s
Beijing approves creation of power system reform,” said Dennis Ip, head in China’s first green power
of utilities and renewables research at Daiwa
power grid equipment giant Capital Markets. “[This drives the company transaction
to] focus more on power grid operation,
to meet decarbonisation power supply, power trading and dispatch, Chindata Group today announced that it
has recently participated in China’s first
and the construction of transmission and
needs distribution projects.” nationwide green power transaction, and
The latest restructuring involves its
completed a procurement of 100 million
The Chinese government has given the green distribution equipment businesses, which kilowatt-hours (kWh).
light for the formation through merger of will result in the establishment of a yet-to-be Such volume represents around 1.26%
a central government-controlled electricity named company under the supervision of the of the overall transaction and is expected to
transmission and distribution equipment central government. It will absorb China XD directly reduce greenhouse gas emissions by
giant, as part of a reform of industry and state- Group and six State Grid units – XJ Group approximately 94,000 tons of carbon dioxide
owned enterprises to drive efficiency. Corporation, Ping Gao Group, Shandong equivalent. According to public data, a total
The move, which involves the Electrical Engineering and Equipment Group, of 259 domestic Chinese entities participated
consolidation of XJ Group and six units Jiangsu Nari Group Hengchi Electrical in this green power transaction, with a total
under dominant power distributor State Grid Equipment, Jiangsu Nari Turbostar Electric transaction volume of 7.935 billion kWh.
Corporation of China, will create a company and Chongqing Nari-Bori Transformer. Following the announcement of China’s
with more than 100 billion yuan (US$15.5 “As informed by XJ Group, and upon goals of reaching peak carbon emissions by
billion) in assets according to state media approval by the State Council, it is agreed that 2030 and carbon neutrality by 2060, a series
reports, the South China Morning Post XJ Group will be merged with companies of policies were introduced, with the pilot
reported. including China XD Group,” Hebei province- schemes for national carbon emissions trading
Some of the companies make products and based XJ Electric said in a statement to and national green power trading being one of
supply software that enables the automation of Shenzhen’s bourse on Wednesday. them. Such has offered additional alternatives
power grid management, which enhances the State Grid, the larger of the two to the green energy consumption ecosystem
distribution system’s capacity and flexibility distribution firms, has been asked to gradually and make available more opportunities for
to absorb intermittent renewable energy. spin out its noncore operations – including Chindata Group as a digital infrastructure
This will help China meet its net zero carbon some power plants – to promote a fairer and company.
emissions goal by 2060 and fight climate more competitive industry landscape. Chindata Group has been constantly
change. exploring and has identified four major
China launches world’s largest carbon- initiatives for the strategic development of its
trading scheme as part of 2060 carbon green power consumption ecosystem and will
neutrality goal TRADING continue to implement strategic upgrades.
“Stripping out the noncore businesses of These initiatives include direct green power

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