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.

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.

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.

Where is the State Grid logo in 2022?

A logo of State Grid is seen in Beijing on June 4, 2022. [Photo/VCG] State Grid Corporation of China saw its annual grid investment surpass 600 billion yuan ($84 billion) for the first time this year, the company said on Friday. The record investment was 71.1 billion more than that of the previous year, it said.

Did state grid buy Chilquinta Energa & tecnored?

In Chile, State Grid acquired Chilquinta Energía, 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.

What makes SGCC a leader in UHV technology?

UHV circuits (of 800 kilovolts (kV) or more) had been developed previously in Europe, but China’s dramatic expansion of UHV since 2009 has made SGCC the technological leader in the field—largely thanks to strategic state funding under the last three five-year plans (2006-2020).