"In terms of the domestic power engineering construction market, China's power industry supply and demand diversification pattern is becoming more and more clear, the trend of low carbonization structure is becoming more and more obvious, the future domestic coal power is expected to focus on the distribution of China's western and northern regions." Li Bin, executive vice president of China Electric Power Construction Enterprises Association, said at the recent "China Electric Power Construction Industry annual development Report 2021" conference.
As the first annual development report of the power construction industry, China Power Construction Industry Annual Development Report 2021 comprehensively summarizes the development status of the power construction industry, and puts forward suggestions on market expansion and business environment optimization.
The report points out that renewable energy will change from the original incremental supplement of energy and electricity to the incremental main body of energy and electricity consumption. Power industry enterprises will adopt multiple measures to promote clean energy development. In the future, hydrogen energy is expected to play an important role in solving energy crisis and environmental pollution.
Data show that in 2020, the total investment of major power enterprises in China was 1,018.9 billion yuan, up 12.0% year on year, including 529.2 billion yuan of investment in power engineering construction, up 29.5% year on year; 489.6 billion yuan was invested in power grid construction, down 2.3% from the previous year.
In terms of power engineering construction, there will be 2,030 power engineering projects under construction in 2020, with a total installed capacity of 429.48 million kw. A total of 3,936 power grid projects are under construction, with a total power transformation capacity of 516.25 million kVA and a total line length of 79,367 km.
"In terms of regional distribution, influenced by economic development and national policies to strengthen weak links, the total transaction amount of electricity construction projects in 2020 tends to be in the eastern region, where the market is more open." China Electric Power Construction Enterprise Association industry director Shi Yucheng said.
In terms of the international market, the total amount of foreign direct investment of China's major power enterprises was 7.85 billion US dollars in 2020, with a year-on-year growth of 84.3%. It is worth noting that in 2020, the amount of new contracts signed by Chinese enterprises in the field of overseas power engineering construction was usd 50.73 billion, down 7.6% year-on-year, but the amount of new contracts signed by major power enterprises was USD 27.17 billion, up 12.8% year-on-year.
"In terms of the international power engineering construction market, ASEAN is one of the fastest growing regions in the world in terms of energy consumption, with an average annual growth rate of about 6%." Shi yucheng said coal-fired power generation is still the main way of power generation in the ASEAN region, and with the promotion of green energy transformation, renewable energy, natural gas and other clean energy will become the new growth point of its power construction.
Affected by COVID-19 and other factors, various power construction enterprises have different changes in operating revenue, net profit, asset-liability ratio and other aspects. Among them, thermal power, hydropower, power transmission and transformation, supervision and commissioning enterprises in the total operating income have achieved varying degrees of growth, but except for power transmission and transformation enterprises, the net profits of other types of power construction enterprises have declined.
During the "13th Five-Year Plan" period, a total of 144 power projects won the "National Quality Project Award", 23 power projects won the "China Construction Project Luban Award". "In 2020 alone, China's power engineering has created eight world firsts." Li bin said.
With the rapid development of the electric power construction industry, there are still some problems such as non-standard bidding market operation, unequal responsibilities and rights of the supervision industry, and imperfect business environment of the industry market. Some electric power construction enterprises have common problems such as heavy transformation task, low speed of signing and transformation, and weak awareness of contract risk prevention.
Li Bin believes that, on the one hand, the government and industry associations need to take macro measures to solve the problem by carrying out government supervision, industry self-discipline and coordination from the perspective of strategic planning and top-level design; on the other hand, enterprises need to take corresponding measures to improve quality and efficiency, tap potential and increase income, and prevent risks.
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