Meng Zhenping, chairman and party secretary of China Southern Power Grid Corporation, said that China Southern Power Grid Corporation is actively promoting the development of pumped storage. In the next decade, China Southern Power Grid Corporation will build and put into operation 21 million KW pumped storage, and start the construction of 15 million KW pumped storage put into operation in the 16th five year plan, with a total investment of about 200 billion yuan, In addition, the new energy storage of reasonable scale will meet the access and consumption of about 250 million kw of new energy in the five southern provinces and regions in 2030. (Xinhua Finance)