Taking investment, construction and operation of power grids as its core businesses, State Grid Corporation of China (State Grid, or SGCC) supplies power to a population of over 1.1 billion, with its service area covering 88 percent of China’s territory. State Grid is the world's largest utility and ranked 2nd on the Fortune Global 500 in 2021. Carrying out business in 51 countries around the world, State Grid successfully invested in and operated 13 backbone energy network projects in 10 countries and regions. 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.
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.
State Grid International Development Co., Ltd. (SGID) obtained a 25-year concession of the national transmission network of the Philippines.
National Grid Corporation of the Philippines (NGCP), a joint venture between SGID and local partners took over the operation of the national transmission network of the Philippines in January 2009.
State Grid Brazil Holding SA purchased seven Brazilian transmission concessionaires.
SGID acquired 25 percent stake in Redes Energeticas Nacionais SA (REN).
State Grid Brazil Holding SA purchased 100 percent stake of seven transmission concessionaires in Brazil from Spain's ACS.
SGID acquired 46.56 percent stake in Australian electricity transmission operator ElectraNet.
SGID acquired 60 percent stake in SGSPAA and 19.9 percent stake in AusNet.
SGID acquired 21 percent stake in HKEI in Hong Kong, China.
Together with Electrobras, SGID won the bid for Phase Ⅰ of the Belo Monte UHV DC Transmission Project in Brazil.
SGID acquired 35 percent stake in CDP RETI in Italy.
SGID independently won the bid for Phase II of the Belo Monte UHV DC Transmission Project in Brazil.
SGID acquired 83.71 percent stake in CPFL in Brazil.
SGID acquired 24 percent stake in IPTO in Greece.
SGID completed and put into operation Phase I of the Belo Monte UHV DC Transmission Project in Brazil with high quality in advance.
SGID completed and put into operation Phase II of the Belo Monte UHV DC Transmission Project in Brazil with high quality in advance.
SGID acquired 49 percent stake in OETC in Oman.
SGID acquired 100 percent stake of Chilquinta Energía SA (Chilquinta) in Chile.
SGID acquired 97.145 percent stake in CGE in Chile.
SGID completed and put into operation the Matiari-Lahore HVDC Transmission Project in Pakistan with high quality in advance.
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.
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).