State Grid Corporation of China
State-owned electric utility monopoly of China / From Wikipedia, the free encyclopedia
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The State Grid Corporation of China (SGCC), commonly known as the State Grid, is a Chinese state-owned electric utility corporation. It is the largest utility company in the world. As of March 2024[update], State Grid is the world's fourth largest company overall by revenue, behind Walmart, Saudi Aramco, and Amazon.[4] In 2022 it was reported as having 871,145 employees, 1.1 billion customers and revenue equivalent to US$460 billion. It is overseen by the State-owned Assets Supervision and Administration Commission of the State Council.
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Native name | 国家电网公司 |
Company type | State-owned enterprise |
Industry | Electric utility |
Founded | 2002; 22 years ago (2002) |
Headquarters | , China |
Area served | China Philippines (through National Grid Corporation of the Philippines) Australia Brazil Italy Portugal Greece Chile |
Key people | Xin Baoan (Chairman)
Huang Dean (Chief Compliance Officer) Zhang Zhigang (President) Pan Jingdong (Executive Vice President) Zhu Min (Executive Vice President) |
Products | Electrical grid, Electric power transmission |
Services | Nuclear power transmission |
Revenue | 2,560,254,240,000 renminbi (2018) |
78,697,281,872 renminbi (2018) | |
US$ 10.201 billion (2015)[1] | |
Total assets | US$ 585.278 billion (2017)[1] |
Total equity | US$ 207.345 billion (2015)[1] |
Number of employees | 1.566 million (2019) [2][3] |
Website | www |
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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After the electricity Plant-Grid Separation reform in early 2002, the assets of State Electric Power Corporation (国家电力公司) were divided into five power generation groups that retained the power plants and five regional subsidiaries belonging to the State Grid Corporation of China in Beijing.[5]