Global Energy Interconnection to propel $50 trillion investments by 2050
China: In a bid to further expand integration of global energy infrastructure, China is running projects which are part of the General Energy Interconnection (GEI), a plan to connect renewable power projects across national borders which can propel worldwide investments worth $50 trillion.
GEI is conducted by the non-governmental Beijing-based organization Global Energy Interconnection Development and Cooperation Organization (GEIDCO), which has signed memorandums of cooperation with five international partners aiming to further promote the project by overcoming geographical terrain and historical obstacles standing in the way to energy interconnection, reports Ecns.cn.
To solve these problems, GEIDCO plans to put intercontinental grids in place in each continent by 2050. Before that, it aims to set up countrywide super-grids across the world by 2020.
Its long-term goal is to increase clean energy consumption to 80% by 2050, reduce carbon emission to 11.5 billion metric tons, and propel investment in GEI to $50 trillion worldwide.
One planned project is the China-South Asia energy interconnection development.
Also, GEIDCO proposed to construct two UHV transmission projects, which would transmit electricity generated in China and Kazakhstan to Pakistan, and ease power shortages.
So far, as part of GEI, State Grid Corporation of China has built 10 cross-border transmission lines connecting China with neighbouring countries such as Russia and Mongolia, while China Southern Power Grid has constructed 12 alternating current lines between Laos, Myanmar and Vietnam.