A new round of rural power grid reform to enhance the value of power equipment industry
According to the National Conference on the Transformation and Upgrading of Rural Power Grids recently held by the National Energy Administration, a new round of three-year upgrading of rural power grids is about to start. As an important basic power construction project with a wide range of influence, a vast area, and a major impact on agricultural production and improvement of farmers' livelihoods, a new round of rural power network transformation is expected to substantially increase the reliability and power supply of rural power grids through national policies and investment promotion. At the same time, the power equipment manufacturing industry as a whole benefits.
Add 130 billion yuan to the cake
The transformation of rural power grids will directly increase the investment in power grid construction, and will increase the share of cakes for the power equipment manufacturing industry. According to the plan, in 2010, 120 billion yuan of financial funds will be allocated for the transformation of rural power grids, and the annual investment in rural power grids in the next three years will not be lower than in 2009. According to the proportion of investment in the reconstruction of rural power grids since 1998, about 20% comes from the calculation of national capital investment, and the upgrading of rural power grids will bring about total investment of about 60 billion yuan in 2010. As a result, the overall investment scale for three years will approach 2000. Billion or so. About two-thirds of the total investment in the existing power grid construction and transformation is used for power equipment investment calculation, and the share of cakes allocated by equipment manufacturers is expected to increase by about 130 billion yuan.
Despite the huge investment, compared to the huge funding gap in the reform of rural power grids, the full use of government investment guidance and the use of funds are still the key to this upgrade. According to the usual definition, rural power grids are generally 110kV and below power distribution networks for various types of users within the jurisdiction of the county. Due to the vast geographical scope involved, the construction and transformation of rural power grids is costly.
Since June 1998, when China started its first rural power grid transformation work, China’s total investment in rural power grid reconstruction has reached 462.2 billion yuan, of which, the national bond funds have reached 92.3 billion yuan, bank loans have reached 366.6 billion yuan, and the company’s own funds have reached 3.3 billion yuan. . However, even with the investment of more than RMB 460 billion, the total scale of the investment is still insufficient. As a result, the coverage of rural power grid transformation remains low. According to statistics, during the construction and renovation of rural power grids, the coverage of the 35 to 110 kV power grids within the operating area of ​​the State Grid Company is approximately 30%, and the 60% for the 10kV and below power grids, and the proportion of households for households is approximately 88%. There is still a small renovation gap.
With the development of the rural economy, the construction of new countryside has imposed higher requirements on the power supply capacity and power supply quality of rural power grids. The scope and scale of rural power grid coverage have been continuously expanded, together with the early completion of rural power grid renovation project projects for nearly 10 years. Power supply equipment has experienced heavy load, full load or overload operation, and power supply facilities have faced new power supply bottlenecks.
Taking into account the development trend of new energy and low-carbon economy has been upgraded to the national strategic level, this time the reconstruction of rural power grids must also consider the access of renewable energy in rural areas, so that wind power, solar energy, small hydropower, biomass energy, etc. Distributed generation can smoothly access distribution networks.
In light of the above-mentioned demand, the funding gap for the upgrading of rural power grids will be even greater. It is possible that the total amount of capital required for the final completion of the rural power grid reconstruction and upgrading work will be greater than the total size of 200 billion yuan that was previously estimated. Therefore, relying solely on capital investment of not less than 12 billion yuan each year, it is impossible to solve the entire transformation and upgrading work of rural power grids. We must give full play to the guiding role of government investment and the use of capital, and use a variety of investment and financing channels.
Focus on amorphous alloy transformers
The market cakes derived from upgrading and upgrading rural grids over the next three years of more than one hundred billion yuan will undoubtedly bring new market opportunities to the power equipment industry. However, this gives the industry an overall opportunity, and it is unlikely that power equipment manufacturers will "The form of benefit has emerged.
The current development pattern of the power equipment industry has initially formed the framework of “government macro regulation and control, independent management of enterprises, self-discipline management and service of industry associationsâ€. According to the voltage grade of the product, the market for high-pressure grade products, especially those with ultra-high voltage and ultra-high voltage levels, is dominated by well-known international companies and a few state-owned large-scale enterprises; the industry concentration of the remaining medium- and low-voltage grade product markets is relatively low. Low, higher degree of marketization. Especially in the low-voltage level, due to the low barriers to entry into the market for products, the level of competition is particularly fierce, and many small businesses rely mainly on price wars to compete.
According to the statistics of the China Electrical Equipment Industry Association, there were a total of 17,387 enterprises in the power transmission and distribution equipment industry in 2008, including 114 large-scale enterprises, 1,669 medium-sized enterprises, and 15,604 small-scale enterprises. According to this reform and upgrading idea, the “hostage management system†for county-level power supply enterprises will be completely eliminated, and the concentration of equipment procurement in the process of power grid reconstruction will be further enhanced, and a considerable part of the equipment manufacturing companies with poor performance will be “dividedâ€. Opportunity.
Further explore the technology and goal orientation of this rural network transformation and upgrading, and build a new rural power grid that is safe, reliable, energy-saving, environmental-friendly, technologically advanced, and standardized in management will be the ultimate goal. The rural power supply system will focus on transforming large-capacity transformers, increasing the number of substations, and increasing the transmission capacity of rural power grids. Among them, the requirements for energy saving, environmental protection, and advanced technologies will certainly increase the technological content of power grids in the entire transformation and upgrading process. Such as upgrading the energy efficiency of distribution networks, reducing reactive power losses, focusing on the future integration of rural three networks and grid interaction, etc., may be included in the comprehensive consideration of this transformation and upgrading.
In summary, the upgrading and upgrading of the rural power grid will have certain advantages for medium and low voltage equipment manufacturers with excellent equipment performance and markets for products. For such regional enterprises as Senyuan Electric, Beijing Career, and Huayi Electric, etc. It has brought new opportunities for development.
Specific to the corresponding equipment and companies, there is a bright spot worthy of attention, that is, the demand for energy-saving distribution transformers will increase significantly, and the performance of related manufacturing and production companies will have a significant boost. The distribution transformer is basically at the end of the power system and is widely used in rural network systems. Due to the large seasonal load in rural power grids and the long running time of full-young or no-load, the loss of existing distribution transformers accounts for about 60%-70% of the loss of rural power grids, and the loss of the entire distribution network basically accounts for 70% of the total network loss is the main part of the entire power grid loss. Therefore, with the transformation and upgrading of the rural power grid, the promotion and application of energy-efficient transformers has become inevitable. According to the guidance of the national energy conservation policy, transformers of type 9 and below will gradually be replaced or eliminated in the next few years. Distribution transformers with performance levels of 11 or above will be popularized in distribution networks, among which, amorphous alloy transformers deserve special attention. .
At present, there are about 50 manufacturers of amorphous alloy core distribution transformers in China. Among the listed companies, TBEA, Tianwei Baoji, and Convince Electric have all been involved in the production of amorphous alloy transformers. Antai Technology is As a major supplier of amorphous alloy strips, it is expected that the expansion of demand for amorphous alloy transformers will result in a significant increase in performance.