What does the State Grid do?

State Grid mainly builds and operates China Power Grid to supply power to the whole country. The company implements the general manager responsibility system, and the general manager is the legal representative of the company. In 20 16, the company ranked No.2 in Fortune Global 500. In recent years, it began to operate in the Philippines, Brazil, Portugal, Australia and other countries and regions. In 20 17, State Grid Corporation was transformed from a state-owned enterprise into a wholly state-owned company, and its name was changed from "State Grid Corporation" to "State Grid Corporation Limited".

20 16 On July 4th, State Grid spent R $5.85 billion (about HK$/kloc-0.4 billion) to acquire a 23% stake in CPFL Energia SA23% held by Camargo Correa SA of Brazil at a price of R $25 per share. Up to now, State Grid has become the third largest transmission operator in Brazil, with a total length of 7,623 kilometers and another 8,000 kilometers under construction.

2017 65438+1On October 24th, State Grid Corporation of Brazil, Camagu Group, Prevy Fund and Bonaire Fund completed the equity delivery in Rio de Janeiro, Brazil, and successfully acquired the Brazilian power giant CPFL 54.64% at the price of1465438+900 million reais (about 4.48 billion US dollars).