State Grid Corporation of China
State Grid Corporation of China ( SGCC ) is an energy company in the People's Republic of China, which is responsible for the majority of the electrical network operation. It took place in 2011 at the 7th place of the Fortune 500 again.
SGCC was founded on December 29, 2002 as a pilot state-owned enterprises of the State Council and is mainly responsible for the reliability and security of the operation and its constant expansion. The group emerged in the course of the work in 2000, " power plant network separation " from the state's State Power Corporation of China, which operated a large part of the national energy supply network and many power plants in China. Since the reform of network operation from the actual power is disconnected. So SGCC and CSG took over the power transmission and distribution, while the power plants are now operated by five major power generation companies.
SGCC has five subsidiaries, which are managed directly:
- NECG ( Northeast China Grid)
- NCGC (North China Grid)
- ECGC (East China Grid)
- CCG (Central China Grid)
- NWG ( Northwest China Grid)
SGCC shares with CSG as the entire power grid of China into six major regions.
With a registered capital of RMB 200 billion yuan ( 20 billion euros ) is SGCC in more than 26 provinces, autonomous regions and municipalities (about 88% of China's total area) worked. In 2005, the company sold 1464.6 TWh, with sales 721.4 billion yuan ( 72.14 billion euros ) and net income 14.4 billion yuan ( 1.44 billion euros ) was. Earnings were paid 60.4 billion yuan ( 6.04 billion euros ) in taxes.
SGCC holds (as of 2005), together with the US-based Citigroup and the Chinese insurance company China Life Group, the majority of the Chinese banking companies GDB ( Guangdong Development Bank).
On February 2, 2012, announced by the government in Lisbon that SGCC goes with 25 % of the share capital of the Portuguese power company Redes Energéticas Nacionais. The purchase price amounts to EUR 287.15 million.
In addition, State Grid would expand to Germany. The company is interested to purchase the license for the Berlin mains. The license expires at the end of 2014.