State Grid Corporation
Encyclopedia
State Grid Corporation of China (SGCC) is the largest electric power
transmission and distribution company in China
and in the world, headquartered in Xicheng District
, Beijing
. For distribution, it has its subsidiaries for Northern China, Northeastern China, Eastern China, Middle China and Northwestern China.
After the electricity "Plant-Grid Separation" reform in early 2000, the assets of State Electric Power Corporation (国家电力公司), which included both power plants and electric grid all over mainland China
, were divided into the five "power generation groups" that retained the power plants, and State Grid Corporation headquartered in Beijing
with its five regional subsidiaries and China Southern Power Grid Corporation
headquartered in Guangzhou
, that operate power transmission
, distribution
and other assets of the old State Electric Power Corporation. It was ranked eighth in the 2010 Fortune Global 500
list of the world's largest companies by revenue and has moved one place up in the 2011 Fortune Global 500
list.
Other CSR projects involve investing in eco-friendly energy.
(Transco) , the consortium
of Monte Oro Grid Resources Corp., led by businessman Enrique Razon, comprising the State Grid Corporation of China, and Calaca High Power Corp., WON in an auction
conducted by the Power Sector Assets and Liabilities Management (PSALM) Corp. as it submitted the highest offer of $3.95 billion, for the right to operate TransCo for 25 years, outbidding San Miguel Energy, a unit of San Miguel Corporation
(bid of $3.905 billion), Dutch firm TPG Aurora BV and Malaysia’s TNB Prai Sdn Bhd. Jose Ibazeta, PSALM president and CEO remarked: “We are very happy about the successful turnout of the bidding for TransCo. PSALM handled the privatization of the government’s transmission business with utmost transparency and judiciousness."
In 2010, the company is about to invest US $11 Billion in the Sarawak, Malaysia.
Electric power
Electric power is the rate at which electric energy is transferred by an electric circuit. The SI unit of power is the watt.-Circuits:Electric power, like mechanical power, is represented by the letter P in electrical equations...
transmission and distribution company in China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
and in the world, headquartered in Xicheng District
Xicheng District
Xicheng District is a district in Beijing, China. Xicheng District spans 32 square kilometres, making it the largest portion of the old city , and has 706,691 inhabitants . Its postal code is 100032. Xicheng is subdivided into 15 subdistricts of the city proper of Beijing...
, Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
. For distribution, it has its subsidiaries for Northern China, Northeastern China, Eastern China, Middle China and Northwestern China.
After the electricity "Plant-Grid Separation" reform in early 2000, the assets of State Electric Power Corporation (国家电力公司), which included both power plants and electric grid all over mainland China
Mainland China
Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...
, were divided into the five "power generation groups" that retained the power plants, and State Grid Corporation headquartered in Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
with its five regional subsidiaries and China Southern Power Grid Corporation
China Southern Power Grid
China Southern Power Grid Company Limited is one of the two state-owned enterprises established in 2002 according to the precept to reform the power system promulgated by the State Council of the People's Republic of China, the other being State Grid Corporation of China...
headquartered in Guangzhou
Guangzhou
Guangzhou , known historically as Canton or Kwangchow, is the capital and largest city of the Guangdong province in the People's Republic of China. Located in southern China on the Pearl River, about north-northwest of Hong Kong, Guangzhou is a key national transportation hub and trading port...
, that operate power transmission
Electric power transmission
Electric-power transmission is the bulk transfer of electrical energy, from generating power plants to Electrical substations located near demand centers...
, distribution
Electricity distribution
File:Electricity grid simple- North America.svg|thumb|380px|right|Simplified diagram of AC electricity distribution from generation stations to consumers...
and other assets of the old State Electric Power Corporation. It was ranked eighth in the 2010 Fortune Global 500
Fortune Global 500
The Fortune Global 500 is a ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by Fortune magazine....
list of the world's largest companies by revenue and has moved one place up in the 2011 Fortune Global 500
Fortune Global 500
The Fortune Global 500 is a ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by Fortune magazine....
list.
Corporate social responsibility
In the year of 2006, SGCC, in a project called "Power for All", ran electric lines to 545,000 previously unconnected households in rural areas, offering the occupants free power indefinitely. Families were able to buy their first refrigerators, televisions and radios, dishwashers, computers, washing machines, water boilers, heaters and air conditioning units. Farmers have stopped hauling water by installing automated irrigation systems. Over the 2007-2008 period, SGCC plans to spend $3 billion to do the same for 4.5 million of China's poorest people in 18 provinces.Other CSR projects involve investing in eco-friendly energy.
Transco, Philippines
On December 12, 2007, 2 consortia bid for a 25-year license to run the Philippines power grid - privatization of the management of the National Transmission CorporationNational Transmission Corporation
The National Transmission Corporation is a Philippine government corporation created in 2001 by the Electric Power Industry Reform Act currently operating the nation's power grid...
(Transco) , the consortium
Consortium
A consortium is an association of two or more individuals, companies, organizations or governments with the objective of participating in a common activity or pooling their resources for achieving a common goal....
of Monte Oro Grid Resources Corp., led by businessman Enrique Razon, comprising the State Grid Corporation of China, and Calaca High Power Corp., WON in an auction
Auction
An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder...
conducted by the Power Sector Assets and Liabilities Management (PSALM) Corp. as it submitted the highest offer of $3.95 billion, for the right to operate TransCo for 25 years, outbidding San Miguel Energy, a unit of San Miguel Corporation
San Miguel Corporation
Established in 1890 as a brewery, San Miguel Corporation is Southeast Asia's largest publicly listed food, beverage and packaging company with over 17,000 employees in over 100 major facilities throughout the Asia-Pacific....
(bid of $3.905 billion), Dutch firm TPG Aurora BV and Malaysia’s TNB Prai Sdn Bhd. Jose Ibazeta, PSALM president and CEO remarked: “We are very happy about the successful turnout of the bidding for TransCo. PSALM handled the privatization of the government’s transmission business with utmost transparency and judiciousness."
In 2010, the company is about to invest US $11 Billion in the Sarawak, Malaysia.
See also
- China Southern Power GridChina Southern Power GridChina Southern Power Grid Company Limited is one of the two state-owned enterprises established in 2002 according to the precept to reform the power system promulgated by the State Council of the People's Republic of China, the other being State Grid Corporation of China...
- List of Chinese companies