Company Profile

Release time:2019-05-07      Dotnum:116

State Grid International Development Co., Ltd (“SGID” or “the Company”), a wholly-owned subsidiary of State Grid Corporation of China (“State Grid”), was set up in June 2008 and restructured into the sole platform responsible for the overseas electric energy asset investment and operations of State Grid in 2012.

 

As the operating arm of State Grid's international business, SGID adheres to the corporate spirit of “in search of excellence & in pursuit of outperformance”, and a philosophy of seeking shared growth through extensive consultation and joint contribution, and equality and mutual benefit. Leveraging State Grid’s substantial financial strength, state-of-the-art technologies, and advanced management experience, it carries out stock assets acquisitions and management, greenfield project development, and assets operation and management in overseas electric power markets. The Company is committed to serving the goal of State Grid to become a world-class energy Internet company with global competitiveness, and serving the Belt and Road Initiative.

 

Since 2009, SGID has successfully acquired in succession stakes in the National Grid Corporation of the Philippines (“NGCP”), Redes Energéticas Nacionais, SGPS, S.A. (“REN”), ElectraNet, SGSP (Australia) Assets Pty Ltd (“SGSPAA”), SP AusNet, HK Electric Company Limited, Italian CDP Reti, Brazil's CPFL, Independent Power Transmission Operator S.A. (IPTO) and 100% stakes in 14 Brazilian power transmission concessionaries. It has also consecutively won the bidding for the Teles Pires Concession Project and the Belo Monte hydropower HVDC Transmission Project in Brazil (Phase 1 and 2), among many other greenfield investment projects. With its power assets all over Asia, the Americas, Europe and Oceania, SGID is helping State Grid to implement its “going out into the world” strategy, and upgrading its global business from the traditional export of products and labor to the export of technology and management expertise.

 

Meanwhile, SGID endeavors to perform its shareholder responsibilities and duties and achieve sound and effective operation of current overseas assets. It has ensured a stable income from its investments and steady progress in greenfield construction projects.

 

Relying on its own strategic, technology and resource advantages, SGID share technologies and knowhow with its partners to jointly promote the stable increase of asset operation indices. Step by step, the Company has successfully forged a win-win cooperation with local stakeholders and thus established State Grid's fine image as the world’s largest utility enterprise.