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State Grid Corporation of China

The State Grid Corporation of China (SGCC), commonly known as the State Grid, is a Chinese state-owned electric utility corporation. It is the largest utility company in the world, and as of 2020, the world's second largest company overall by revenue. In 2016/17 it was reported as having 927,839 employees, 1.1 billion customers and revenue equivalent to US$363.125 billion.

State Grid Corporation of China
State Grid headquarters in Beijing's Xicheng District
  • SGCC
  • State Grid
Native name
国家电网公司
TypeState-owned enterprise
IndustryElectric utility
Founded2002; 20 years ago (2002)
Headquarters,
China
Area served
China
Philippines (through National Grid Corporation of the Philippines)
Australia
Brazil
Italy
Portugal
Greece
Chile
Key people
Shu Yinbiao (Chairman)
ProductsElectrical grid, Electric power transmission
ServicesNuclear power transmission
Revenue US$ 363.125 billion (2017)
78,697,281,872 renminbi (2018)
US$ 10.201 billion (2015)
Total assetsUS$ 585.278 billion (2017)
Total equityUS$ 207.345 billion (2015)
Number of employees
1.566 million (2019)
ParentSASAC
Websitewww.sgcc.com.cn
State Grid Corporation of China
Simplified Chinese国家电网公司
Traditional Chinese國家電網公司
Transcriptions
Standard Mandarin
Hanyu PinyinGuójiā Diànwǎng Gōngsī

After the electricity "Plant-Grid Separation" reform in early 2002, the assets of State Electric Power Corporation (国家电力公司) were divided into the five "power generation groups" that retained the power plants and five regional subsidiaries belonging to the State Grid Corporation of China in Beijing.

Contents

China began an initiative to reform the country's power sector in a three-stage process in 1986. In the third and final stage in March 2002 the State Council of the People's Republic of China put into effect a plan to restructure the country's electric power system in order to create competition and separate generation and transmission functions. The State Grid Corporation of China was founded on December 29, 2002, when the restructuring divided the former State Power Corporation of China into two grid companies, five generation groups and four accessorial business companies. The two grid companies created were the State Grid Corporation of China and a smaller China Southern Power Grid Company. At its creation, the company had a generation capacity of 6.47 gigawatts.

In 2003 and progressively so through the early 2000s, electrical shortages caused the government to institute rolling blackouts. The State Grid Corporation estimated there were 1 trillion yuan in losses from 2002 to 2005. The State Grid Corporation of China ran the first 1,000-kilovolt alternating current power line between Northern Shanxi and center Hubei in January 2009. In 2012 it began operation of an 800-kilovolt direct current line that sends hydropower from western Sichuan to Shanghai. It also has an alternating current loop line in the Yangtze River delta, and three longitudinal alternating current lines that bring power to Southern China from the Northern region.

The State Grid Corporation was involved in a multi-phase smart-grid project for China's electrical grid planned for 2011–2015. China's smart grid efforts are different from those in the United States in that its plans heavily use ultra high voltage (UHV) lines. Several UHV construction projects began in 2012 to bring UHV power lines across Huainan, Wannan, and Shanghai and another from Xilingol League to Nanjing. By 2015, the company planned to have three more horizontal UHV lines through West Inner Mongolia to Weifang, from Central ShanxiXuzhou to Yaan–southern Anhui and 11 other lines by 2015.

In 2012 the company invested in CDP Reti.

On October 29, 2014, The Central Commission for Discipline Inspection declared that the general manager of State Grid Shanghai Municipal Electric Power, Feng Jun, was detained in an anti-graft operation overseen by the commission. In 2017, his assets (worth 53 million yuan) were seized, and he was sentenced to life in prison.

On December 12, 2007, two consortia bid for a 25-year license to run the Philippines power grid—privatization of the management of the Philippine government-owned National Transmission Corporation (TransCo), the consortium of Monte Oro Grid Resources Corp., led by businessman Enrique Razon, comprising the State Grid Corporation of China, and Calaca High Power Corp., won an auction conducted by the Power Sector Assets and Liabilities Management (PSALM) Corp. as it submitted the highest offer of $3.95 billion, for the right to operate TransCo for 25 years, outbidding San Miguel Energy, a unit of the Filipino San Miguel Corporation (bid of $3.905 billion), Dutch firm TPG Aurora BV, and Malaysia's TNB Prai Sdn Bhd.

The resulting consortium became the National Grid Corporation of the Philippines (NGCP) which started its operations, management, and maintenance on TransCo's transmission facilities and assets on January 15, 2009, and the franchise will end on December 1, 2058.

In Portugal, State Grid has a 25% stake in REN since the second stage of its privatization (in 2012–2014).

In Australia, State Grid owns a 41% stake in ElectraNet, a 19.9% stake in AusNet Services, and 60% stake in Jemena.

In Brazil, State Grid acquired the control of CPFL Energia S.A. for the equivalent of US$3.4 billion in 2017.

In Chile, State Grid acquired Chilquinta Energía SA, the third-largest distributor of electricity in Chile, and Tecnored SA, which provides construction services to Chilquinta, from U.S. power company Sempra Energy. The deal was closed on June 24, 2020. On 13 November 2020, it was announced that State Grid had reached an agreement to acquire Compañía General de Electricidad S.A., the largest distribution of electricity in this country.

  1. "State Grid's 2017 financial report". Statista. Archived from the original on 18 December 2018. Retrieved4 June 2018.
  2. "State Grid". Fortune Global 500. Archived from the original on 2 May 2017. Retrieved29 April 2017.
  3. https://www.owler.com/company/sgcc
  4. https://fortune.com/company/state-grid/global500/[bare URL]
  5. "Global 500 2020". Fortune. Retrieved16 December 2020.
  6. JamesPaton14, James Paton. "China Builds an Empire of Electricity With Australia as Target". Bloomberg.com. Archived from the original on 2016-08-12. Retrieved2016-08-11.
  7. Gee, Robert; Songbin Zhu; Xiaolin Li, China's power sector: Global economic and environmental implications
  8. The Xinfeng Power Plant Incident and Challenges for China's Electric Power Industry(PDF), IEEJ, February 2007, archived(PDF) from the original on 3 March 2016, retrieved10 October 2012
  9. Chen Wenying (2006). China's Energy Outlook. Guida Editori. ISBN 978-981-256-748-2. Archived from the original on 2 January 2014. Retrieved10 October 2012.
  10. China's power sector revolution stalled, October 14, 2010, archived from the original on November 28, 2012, retrievedOctober 10, 2012
  11. China grid eyes building 2 new UHV power lines this yr, Reuters, August 13, 2010, archived from the original on June 25, 2013, retrieved2012-10-10
  12. Bojanczyk, Kamil (October 9, 2012), Reprint: China and the World's Greatest Smart Grid Opportunity, GreenTech Media, archived from the original on September 27, 2012, retrieved2012-10-10
  13. "State Grid Shanghai chief Feng Jun detained in corruption sweep". 30 October 2014. Archived from the original on 2015-04-03. Retrieved2015-03-10.
  14. "Electricity executive who took millions in bribes jailed for life". Archived from the original on 2018-07-24. Retrieved2018-07-24.
  15. Manila Times, RP-China group wins $3.95-B TransCo bid Archived 2007-12-13 at the Wayback Machine
  16. "Two groups vie for multi-billion dlr Manila power deal". Reuters. 11 December 2007. Archived from the original on 7 October 2019. Retrieved7 October 2019.
  17. Abs-Cbn Interactive, Monte Oro consortium wins TransCo bidding
  18. "Shareholder Structure". Archived from the original on 2018-05-15. Retrieved2018-05-15.
  19. Maiden, Malcolm (17 May 2013). "China's State Grid powers up in Australia". Archived from the original on 2016-09-13. Retrieved2016-08-11.
  20. "State Grid buys $3.4 BLN in CPFL from minority shareholders". Reuters. 30 November 2017. Archived from the original on 2019-01-19. Retrieved2019-01-17.
  21. "Sempra Energy sells Chilean businesses to SGID for $2.23bn". Power Technology | Energy News and Market Analysis. 2020-06-25. Retrieved2020-06-26.
  22. "Naturgy sells its electricity grids in Chile to China State Grid". 2020-11-16. Retrieved2020-11-16.
Wikimedia Commons has media related toState Grid Corporation of China.

State Grid Corporation of China
State Grid Corporation of China Article Talk Language Watch Edit The State Grid Corporation of China SGCC commonly known as the State Grid is a Chinese state owned electric utility corporation 2 It is the largest utility company in the world and as of 2020 the world s second largest company overall by revenue 5 In 2016 17 it was reported as having 927 839 employees 1 1 billion customers and revenue equivalent to US 363 125 billion 2 6 State Grid Corporation of ChinaState Grid headquarters in Beijing s Xicheng DistrictTrade nameSGCCState GridNative name国家电网公司TypeState owned enterpriseIndustryElectric utilityFounded2002 20 years ago 2002 HeadquartersXicheng District Beijing ChinaArea servedChina Philippines through National Grid Corporation of the Philippines Australia Brazil Italy Portugal Greece ChileKey peopleShu Yinbiao Chairman ProductsElectrical grid Electric power transmissionServicesNuclear power transmissionRevenueUS 363 125 billion 2017 1 Operating income78 697 281 872 renminbi 2018 Net incomeUS 10 201 billion 2015 2 Total assetsUS 585 278 billion 2017 2 Total equityUS 207 345 billion 2015 2 Number of employees1 566 million 2019 3 4 ParentSASACWebsitewww wbr sgcc wbr com wbr cn State Grid Corporation of ChinaSimplified Chinese国家电网公司Traditional Chinese國家電網公司TranscriptionsStandard MandarinHanyu PinyinGuojia Dianwǎng Gōngsi After the electricity Plant Grid Separation reform in early 2002 the assets of State Electric Power Corporation 国家电力公司 were divided into the five power generation groups that retained the power plants and five regional subsidiaries belonging to the State Grid Corporation of China in Beijing 6 Contents 1 History 2 Controversy 3 Overseas investments 4 Subsidiaries 5 See also 6 References 7 External linksHistory EditChina began an initiative to reform the country s power sector in a three stage process in 1986 7 In the third and final stage in March 2002 the State Council of the People s Republic of China put into effect a plan to restructure the country s electric power system in order to create competition and separate generation and transmission functions 8 The State Grid Corporation of China was founded on December 29 2002 when the restructuring divided the former State Power Corporation of China into two grid companies five generation groups and four accessorial business companies 9 The two grid companies created were the State Grid Corporation of China and a smaller China Southern Power Grid Company 10 At its creation the company had a generation capacity of 6 47 gigawatts 8 In 2003 and progressively so through the early 2000s electrical shortages caused the government to institute rolling blackouts The State Grid Corporation estimated there were 1 trillion yuan in losses from 2002 to 2005 8 The State Grid Corporation of China ran the first 1 000 kilovolt alternating current power line between Northern Shanxi and center Hubei in January 2009 In 2012 it began operation of an 800 kilovolt direct current line that sends hydropower from western Sichuan to Shanghai It also has an alternating current loop line in the Yangtze River delta and three longitudinal alternating current lines that bring power to Southern China from the Northern region 11 The State Grid Corporation was involved in a multi phase smart grid project for China s electrical grid planned for 2011 2015 12 China s smart grid efforts are different from those in the United States in that its plans heavily use ultra high voltage UHV lines Several UHV construction projects began in 2012 to bring UHV power lines across Huainan Wannan and Shanghai and another from Xilingol League to Nanjing By 2015 the company planned to have three more horizontal UHV lines through West Inner Mongolia to Weifang from Central Shanxi Xuzhou to Yaan southern Anhui and 11 other lines by 2015 11 In 2012 the company invested in CDP Reti Controversy EditOn October 29 2014 The Central Commission for Discipline Inspection declared that the general manager of State Grid Shanghai Municipal Electric Power Feng Jun was detained in an anti graft operation overseen by the commission 13 In 2017 his assets worth 53 million yuan were seized and he was sentenced to life in prison 14 Overseas investments EditOn December 12 2007 two consortia bid for a 25 year license to run the Philippines power grid privatization of the management of the Philippine government owned National Transmission Corporation TransCo the consortium of Monte Oro Grid Resources Corp led by businessman Enrique Razon comprising the State Grid Corporation of China and Calaca High Power Corp won an auction conducted by the Power Sector Assets and Liabilities Management PSALM Corp as it submitted the highest offer of 3 95 billion for the right to operate TransCo for 25 years outbidding San Miguel Energy a unit of the Filipino San Miguel Corporation bid of 3 905 billion Dutch firm TPG Aurora BV and Malaysia s TNB Prai Sdn Bhd 15 16 17 The resulting consortium became the National Grid Corporation of the Philippines NGCP which started its operations management and maintenance on TransCo s transmission facilities and assets on January 15 2009 and the franchise will end on December 1 2058 In Portugal State Grid has a 25 stake in REN since the second stage of its privatization in 2012 2014 18 In Australia State Grid owns a 41 stake in ElectraNet a 19 9 stake in AusNet Services and 60 stake in Jemena 19 In Brazil State Grid acquired the control of CPFL Energia S A for the equivalent of US 3 4 billion in 2017 20 In Chile State Grid acquired Chilquinta Energia SA the third largest distributor of electricity in Chile and Tecnored SA which provides construction services to Chilquinta from U S power company Sempra Energy The deal was closed on June 24 2020 21 On 13 November 2020 it was announced that State Grid had reached an agreement to acquire Compania General de Electricidad S A the largest distribution of electricity in this country 22 Subsidiaries EditState Grid Yingda Group Yingda International Trust 89 76 See also Edit Energy portal Companies portal China Southern Power Grid China Datang Corporation List of companies of China Smart gridReferences Edit State Grid s 2017 financial report Statista Archived from the original on 18 December 2018 Retrieved 4 June 2018 a b c d e State Grid Fortune Global 500 Archived from the original on 2 May 2017 Retrieved 29 April 2017 https www owler com company sgcc https fortune com company state grid global500 bare URL Global 500 2020 Fortune Retrieved 16 December 2020 a b JamesPaton14 James Paton China Builds an Empire of Electricity With Australia as Target Bloomberg com Archived from the original on 2016 08 12 Retrieved 2016 08 11 Gee Robert Songbin Zhu Xiaolin Li China s power sector Global economic and environmental implications a b c The Xinfeng Power Plant Incident and Challenges for China s Electric Power Industry PDF IEEJ February 2007 archived PDF from the original on 3 March 2016 retrieved 10 October 2012 Chen Wenying 2006 China s Energy Outlook Guida Editori ISBN 978 981 256 748 2 Archived from the original on 2 January 2014 Retrieved 10 October 2012 China s power sector revolution stalled October 14 2010 archived from the original on November 28 2012 retrieved October 10 2012 a b China grid eyes building 2 new UHV power lines this yr Reuters August 13 2010 archived from the original on June 25 2013 retrieved 2012 10 10 Bojanczyk Kamil October 9 2012 Reprint China and the World s Greatest Smart Grid Opportunity GreenTech Media archived from the original on September 27 2012 retrieved 2012 10 10 State Grid Shanghai chief Feng Jun detained in corruption sweep 30 October 2014 Archived from the original on 2015 04 03 Retrieved 2015 03 10 Electricity executive who took millions in bribes jailed for life Archived from the original on 2018 07 24 Retrieved 2018 07 24 Manila Times RP China group wins 3 95 B TransCo bid Archived 2007 12 13 at the Wayback Machine Two groups vie for multi billion dlr Manila power deal Reuters 11 December 2007 Archived from the original on 7 October 2019 Retrieved 7 October 2019 Abs Cbn Interactive Monte Oro consortium wins TransCo bidding Shareholder Structure Archived from the original on 2018 05 15 Retrieved 2018 05 15 Maiden Malcolm 17 May 2013 China s State Grid powers up in Australia Archived from the original on 2016 09 13 Retrieved 2016 08 11 State Grid buys 3 4 BLN in CPFL from minority shareholders Reuters 30 November 2017 Archived from the original on 2019 01 19 Retrieved 2019 01 17 Sempra Energy sells Chilean businesses to SGID for 2 23bn Power Technology Energy News and Market Analysis 2020 06 25 Retrieved 2020 06 26 Naturgy sells its electricity grids in Chile to China State Grid 2020 11 16 Retrieved 2020 11 16 External links EditWikimedia Commons has media related to State Grid Corporation of China Official website Official website in Chinese Retrieved from https en wikipedia org w index php title State Grid Corporation of China amp 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