Taking investment, construction and operation of power grids as its core businesses, State Grid Corporation of China (State Grid, or SGCC) supplies safe, stable, green and affordable power to a population of over 1.1 billion, with its service area covering 88 percent of China's territory.
State Grid Corporation of China regards serving and participating in the "Belt and Road" Initiative as the core of its international development strategy. It conducts international business in 51 countries worldwide, successfully investing in and operating 13 backbone energy network projects in 10 countries and regions, actively serving and promoting local economic and social development. It is the world's largest energy and power enterprise and the largest grid company, consistently ranked among the top of the Fortune Global 500 for many consecutive years.
State Grid is accelerating the construction of a new power system in China and striving to be the pioneer, leader and promoter of clean energy and low-carbon transformation in order to better serve the country's goal of peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060.
Overseas Assets
To date, State Grid's overseas assets total RMB320 billion. All of its overseas projects have been operated safely and steadily, well serving and promoting local economic and social development.
To date, State Grid Corporation of China (SGCC) has succeeded in investing in and operating 13 backbone energy network projects in 10 countries and regions, including the Philippines, Brazil, Portugal, Australia, Italy, Greece, Oman, Chile, Pakistan, and Hong Kong in China. These projects are all infrastructure projects vital to countries and regions where they are located, concerning local economic and social development and people's livelihood. They are key cooperation projects under the "Belt and Road" Initiative.
National Grid Corporation of the Philippines (NGCP)
This project marked State Grid's first equity stake in an overseas national-level grid company. For more than a decade, with great endeavour of the management and employees, NGCP has successfully responded to the impact of natural disasters such as typhoons and earthquakes for many times, and seen great improvement in power grid performance. It has been awarded for good power grid operation performance assessment results by the Philippine Energy Regulatory Commission every year, making outstanding contributions to the economic and social development of the Philippines.
State Grid Brazil Holding S.A. and CPFL Energia S.A.
SGCC has invested in and operated State Grid Brazil Holding S.A. and CPFL Energia S.A. in Brazil, mainly engaging in power transmission and distribution, with power grid operation indicators ranking high locally. They fulfill corporate social responsibility, support the social and economic development of Brazil, and are winners of major awards at home and abroad. State Grid Brazil Holding is the investor and operator of the Belo Monte UHV DC Power Transmission Project Phase I and II, through which China's UHV technology was introduced to the world. Supported by SGCC, CPFL Energia celebrates greatly improved business performance, with a better electricity business environment in the service area and wide recognition of market investors.
Redes Energéticas Nacionais, SGPS, SA (REN)
SGCC has invested in and operated Redes Energéticas Nacionais, SGPSSA (REN) in Portugal. The project enjoys stable performance, and the cooperation is deepening. REN is the only state-level energy transmission company in Portugal. SGCC and REN co-established an R&D center, which has become a smart power grid simulation laboratory well-known in Europe.
Investment and Operation Projects in Australia
SGCC is an investor and operator of SGSP (Australia) Assets Pty Ltd. (SGSPAA) and ElectraNet Pty Ltd., whose businesses cover power transmission and distribution as well as gas transmission and distribution. Since SGCC became a shareholder, the two companies have seen stable operation and steady expansion with operation indicators meet regulatory standards, and have kept improving energy service quality. The overall operation is in good condition.
CDP RETI S.p.A.
SGCC has invested in and operated CDP Reti S.p.A. in Italy. After the completion of the investment, China and Italy work closely to steadily improve the business performance of three listed subsidiaries of CDP Reti, namely TERNA, SNAM and ITALGAS, helping them achieve prominently better capital market performance than that of peer companies.
Independent Power Transmission Operator (IPTO)
SGCC has invested in and operated Independent Power Transmission Operator (IPTO), which is the only state-level power transmission network company in Greece. SGCC and IPTO signed a project cooperation agreement to further deepen China-Greece practical collaboration in the energy sector. Relevant project was awarded International Energy Cooperation Best Practice at the "Belt and Road" Energy Ministerial Conference.
Oman Electricity Transmission Company (OETC)
SGCC is an investor and operator of Oman Electricity Transmission Company (OETC), which is responsible for the construction, operation, maintenance, and dispatch of the national power transmission network of Oman. It is the first time for SGCC to invest in and operate a power enterprise in the Middle East, which is of great importance to improving the partnerships between China and the Arab states on energy and electricity.
Investment and Operation Projects in Chile
SGCC has invested in and operated Chilquinta Energia SA (Chilquinta) and Compania General de Electricidad S.A. (CGE), which mainly engage in power transmission and distribution. With the strong support of sGcC and the joint efforts of Chinese and Chilean management, both Chilquinta and CGE maintain stable and reliable power supply, effectively facilitating and serving the economic and social development in Chile.
Matiari-Lahore HVDC transmission project in Pakistan
SGCC has invested in and operated the Matiari-Lahore HVDC transmission project in Pakistan. As the only power grid project of energy cooperation under the China-Pakistan Economic Corridor, it has the best key performance indicators among similar international projects. Thanks to that, Pakistan has entered a new era featuring the hybrid AC/DC power grid. The project also significantly upgrades the country's energy and electricity infrastructure as well as its ability to serve social and economic development injecting great vitality into the energy development under the China-Pakistan Economic Corridor.
HKEI Project in Hong Kong, China
SGCC has invested in and operated HK Electric Investments Limited (HKEI) in Hong Kong, China. HKEI is one of the two major power companies in Hong Kong. In terms of indicators such as work safety, power supply reliability and customer service, it keeps ranking among the top in the world. The company has been highly recognized by all sectors of society.
SGCC has been playing an active role on the international stage. It has organized high-level international energy conferences such as the International Conference on Renewable Energy Development and Technology in Germany, the Conference on Renewable Energy Technology in Portugal, and the Sub-forum on Transition of Power System at the third International Forum on Energy Transition in Suzhou, China. SGCC has signed renewable energy cooperation framework agreements with Electricite de France (EDF), the International Renewable Energy Agency (IRENA), Deutsche Energie-Agentur (DENA), Energinet.dk, and Redes Energeticas Nacionais SGPS SA (REN). It has conducted professional exchanges with internationally renowned energy enterprises such as Korea Electric Power Corporation (KEPCO).
