Image via WikipediaState Grid Corporation of China (SGCC) (simplified Chinese: 国家电网公司; traditional Chinese: 國家電網公司; pinyin: Guójiā Diànwǎng Gōngsī) is the largest electric power transmission and distribution company in China and in the world, headquartered in Xicheng District, Beijing.[3] 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.
Contents [hide]
1 Corporate social responsibility
2 Transco, Philippines
3 See also
4 References
5 External links
[edit]Corporate social responsibility
China State Grid office building in Liujiaxia Town (Yongjing County), just downstream from the Liujiaxia Dam
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.
[edit]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 Corporation (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."[4][5][6]
In 2010, the company is about to invest US $11 Billion in the Sarawak, Malaysia.[citation needed]
