State Grid Corporation of China facts for kids
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State Grid headquarters in Beijing's Xicheng District
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Trade name
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Native name
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国家电网公司
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| State-owned enterprise | |
| Industry | Electric utility |
| Founded | 2002 |
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Xicheng District, Beijing
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China
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Area served
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China Philippines (through National Grid Corporation of the Philippines) Australia Brazil Italy Portugal Greece Chile |
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Key people
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Xin Baoan (Chairman)
Huang Dean (Chief Compliance Officer) Zhang Zhigang (President) Pan Jingdong (Executive Vice President) Zhu Min (Executive Vice President) |
| Products | Electrical grid, Electric power transmission |
| Services | Nuclear power transmission |
 US$ 10.201 billion (2015) |
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| Total assets | US$ 585.278 billion (2017) |
| Total equity | US$ 207.345 billion (2015) |
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Number of employees
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1.566 million (2019) |
| State Grid Corporation of China | |||||||
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| Simplified Chinese | 国家电网公司 | ||||||
| Traditional Chinese | 國家電網公司 | ||||||
| Literal meaning | National Power Grid Company | ||||||
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The State Grid Corporation of China (SGCC), also known as the State Grid, is a huge company in China. It is owned by the Chinese government. This company provides electricity to many people. It is the biggest electric company in the world.
As of March 2024, State Grid is the fourth largest company in the world by how much money it makes. It is behind companies like Walmart and Amazon. In 2022, it had over 870,000 employees. It served 1.1 billion customers. The company made about US$460 billion in revenue.
State Grid was formed after a big change in China's electricity system in 2002. This change split up the old State Electric Power Corporation. Some parts became power generation groups. Other parts became regional companies under State Grid.
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History of State Grid
China started to change its power system in 1986. The final stage of this change happened in March 2002. The government wanted to create more competition. They also wanted to separate how electricity was made from how it was sent out.
The State Grid Corporation of China was officially started on December 29, 2002. The old power company was split into two main grid companies. There were also five power generation groups. State Grid became the larger of the two grid companies. It manages about 80% of China's electricity grid. The other 20% is managed by the China Southern Power Grid Company. When it started, State Grid could generate 6.47 gigawatts of power.
In the early 2000s, China had electricity shortages. This caused planned power outages in some areas. State Grid worked to fix these problems. In 2009, State Grid opened its first 1,000-kilovolt power line. This line moved electricity between Northern Shanxi and Hubei. In 2012, they started using an 800-kilovolt line. This line sends hydropower from western Sichuan to Shanghai. They also built other important power lines. These lines help bring power from northern China to the south.
State Grid also worked on a "smart-grid" project from 2011 to 2015. A smart grid uses technology to make electricity delivery more efficient. China's smart grid uses many "ultra high voltage" (UHV) lines. These are like super-highways for electricity. Several UHV lines were built starting in 2012. By 2015, the company planned to have many more UHV lines across China.
In 2015, State Grid suggested a big idea called the Global Energy Interconnection. This plan aims to connect over 80 countries. It would use smart grids and UHV lines worldwide. This idea is supported by China's President Xi Jinping.
Today, State Grid is the world's largest energy utility company. It runs almost all of China's energy network.
State Grid's Investments Around the World
State Grid also invests in electricity companies in other countries.
Philippines Investments
On December 12, 2007, a group of companies bid to run the Philippines power grid. This was part of a plan to let private companies manage the government-owned power grid. The group that won included State Grid Corporation of China. They offered $3.95 billion to operate the grid for 25 years. This group became the National Grid Corporation of the Philippines (NGCP).
On February 28, 2008, NGCP signed an agreement to manage the power grid. In November 2008, the Philippine Congress approved this plan. President Gloria Macapagal Arroyo signed a law in December 2008. This law allowed NGCP to operate the country's power grid.
On January 15, 2009, NGCP officially took over the power system. This started their 25-year agreement. This agreement can be renewed for another 25 years, making it a total of 50 years. This means a private company now manages the Philippines' power grid. The agreement will end on December 1, 2058.
Other Countries with State Grid Investments
- In Portugal, State Grid owns 25% of a company called REN.
- In Australia, State Grid owns parts of several electricity companies. These include ElectraNet, AusNet Services, and Jemena.
- In Brazil, State Grid helps build and run hydropower plants. In 2017, State Grid bought control of a company called CPFL Energia S.A. They also built a very long UHV power line. This line sends hydropower to big cities like Rio de Janeiro and São Paulo.
- In Chile, State Grid bought Chilquinta Energía in 2020. This is the third-largest electricity distributor in Chile. They also bought Tecnored SA, which builds things for Chilquinta. In November 2020, State Grid also agreed to buy Compañia General de Electricidad (CGE). CGE is the largest electricity distributor in Chile.
Subsidiaries
- State Grid Yingda Group
- Yingda International Trust (89.76%)
See also
In Spanish: State Grid Corporation of China para niños
- China Southern Power Grid
- China Datang Corporation
- List of companies of China
- Smart grid
