Jiangnan Bags a 91 million Yuan Contract for UHV Cables

China's leading power cable producer Jiangnan Group Ltd. has won tenders for ultra high voltage (UHV) power cables in a total contract sum of 91 million Yuan.

Jiangnan Group has been awarded with contracts from the subsidiaries of the State Grid Corp. of China in Nanjing, Xuzhou, Nanchang and Baofeng, the company told Hong Kong Stock Exchange today.

As China would make substantial investment in ultra high voltage grid network according to its 12th Five-year Plan, Jiangnan Group plans to nearly double its production capacity in the sector, it said in its interim report earlier.

China is already building, or has approved, more than half of a $100 billion network of high-voltage power lines to connect remote energy producing regions to the east coast, Reuters reported in August.

The planned construction of UHV power grid will keep demand robust for aluminium wire and cable before 2017, Shanghai Metals Market foresees.

source cableabc