State Grid Corporation of China is a Chinese power grid company, the largest in the industry in the world [3] . The company takes 2nd place in the list of the largest companies in the world Fortune Global 500 2015 [4] .
| State Grid Corporation of China 国家 电网 公司 | |
|---|---|
| Type of | State corporation |
| Base | 2002 |
| Location |  China , Beijing |
| Key figures | Liu Zheng (general director) |
| Industry | Power industry |
| Products | Electric power |
| Turnover | ▲ $ 273.422 billion ( 2011 ) |
| Operating profit |
|
| Net profit | ▲ $ 7.629 billion (2011) [1] |
| Assets | $ 315.268 billion (2010) [1] |
| Number of employees | 1,564,000 (2010) |
| Affiliated companies | North china power grid company East China Power Grid Company Central China Power Grid Company Northeast China Power Grid Company Northwest China Power Grid Company |
| Site | www.sgcc.com.cn |
Content
History
The company was established in 2002 by decree of the State. Council of the PRC .
In 2010, the State Grid Corporation of China launched a hydropower project in Malaysia , Sarawak , with a total investment of $ 11 billion [5] .
In 2011, an agreement was signed with the Russian electric grid operator on the construction of cross-border networks in the Amur Region for the import of electricity from Russia. [6]
In 2012, State Grid acquired power grid assets in Brazil from Actividades de Construcción y Servicios SA in Spain for $ 531 million in cash and the company paid off $ 411 million of debt [7] .
In October 2012, in Nigeria, as part of a consortium with a local investor, the company acquires for $ 132 million a 51% stake in Geregu Power Generating Company , whose capacity is 414 MW [8] .
Company today
The company is more specialized in the construction and operation of electric networks, both in China itself and abroad ( Philippines , Brazil ) [9] . In the domestic market, State Grid has a monopoly status in the field of transportation and sale of electricity [9] .
Notes
- ↑ 1 2 Company on money.cnn.com
- ↑ annual report - 2016.
- ↑ Bojanczyk, Kamil (October 9, 2012), Reprint: China and the World's Greatest Smart Grid Opportunity
- ↑ Fortune Global 500 2015
- ↑ State Grid Corporation at www.internationalrivers.org
- ↑ China and Russia sign power-grid agreement / Chinadaily
- ↑ UPDATE 2-China's State Grid to buy Brazil assets from Spain's ACS / Reuters
- ↑ State Grid Corporation of China: Waiting for the World's Famed Largest Power Utility's Nigeria Debut (link not available)
- ↑ 1 2 State Grid Corporation of China (China) Archived February 1, 2014.