When was the State Grid Corporation of China founded?

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.

Who owns State Grid?

As of March 2024, State Grid is the world's third largest company overall by revenue, behind Walmart and Amazon. In 2023 it was reported as having 1.3 million employees, 1.1 billion customers and revenue equivalent to US$546 billion. It is overseen by the State-owned Assets Supervision and Administration Commission of the State Council.

Is state Grid Corporation of China's (SGCC) long-term foreign- and local-currency Issuer Default Rating?

Fitch Ratings has affirmed State Grid Corporation of China's (SGCC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'A+' with a Stable Outlook.

Does state Grid Corporation of China have a rating?

State Grid Corporation of China has exposure to labor relations & practices risk but this has very low impact on the rating. State Grid Corporation of China has exposure to social resistance but this has very low impact on the rating. Governance is minimally relevant to the rating and is not currently a driver. ? ? ? ? ? ?

What percentage of China's power grid is SGCC?

SGCC accounts for 80% of the Chinese grid, with China Southern Power Grid accounting for the other 20%. : 40 At its creation, SGCC 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.

Does state Grid Corporation of China have access/affordability risk?

State Grid Corporation of China has exposure to access/affordability risk but this has very low impact on the rating. State Grid Corporation of China has exposure to customer accountability risk but this has very low impact on the rating.