Utilities benefited from China's US$550b investment into Western regions since 2012

The regions are expected to have 187GW of new generation capacity by 2023.

Reuters reports that China has approved 152 infrastructure projects worth US$549.39b in its western regions since late 2012, and a significant chunk of these belonged to utilities.

Some 52 major projects had already been completed with the remaining 100 set to be finished by 2023. The projects include water diversion facilities and hydroelectric power stations.

By 2023, China's western regions are expected to have an additional 187GW of new generation capacity.

China’s vast western regions include Tibet, Xinjiang, and Inner Mongolia as well as the major hydropower and farming provinces of Sichuan and Yunnan in the southwest. They account for 20% of the country’s total gross domestic product.

Read the full report here.