State Grid Corp

China tries new resource M&A approach

The purchase of a minority stake of Australia's ElectraNet by China's State Grid could mark the start of a wave of non-controlling stake buys by China in western energy and resource firms.

Friday, 30 November, 2012, 11:29am

State Grid, CKI enter fray for NZ power network

Mainland firm eyes second foreign deal in Vector unit's sale

China's State Grid Corp, the largest electrical grid operator on the mainland, and Cheung Kong Infrastructure Holdings, a utility and roads company, are separately bidding in the sale of a power grid in New Zealand that could fetch as much as US$1 billion, sources said.

7 Apr 2008 - 12:00am

State Grid faces 39b yuan repair cost for snow-damaged networks

State Grid Corp of China, the monopoly power distributor for 26 provinces, suffered more than 10 billion yuan in direct losses from the recent snowstorms and says it needs more than 39 billion yuan to rebuild its networks.

22 Feb 2008 - 12:00am

State Grid earnings surge to 47.1b yuan

State Grid Corp of China, the mainland's largest power distributor, said earnings surged 75 per cent last year to a record amid rising electricity demand from the world's fastest-growing major economy.

19 Jan 2008 - 12:00am

State Grid-led group wins Manila power contract

A consortium including State Grid Corp of China, the mainland's largest power distributor, successfully bid US$3.95 billion for a 25-year concession to operate the Philippines' power grid yesterday.

The group, led by the Philippines' Monte Oro Grid Resources, beat the US$3.905 billion offer of the rival bidder, a consortium headed by food and beverage giant San Miguel Corp.

13 Dec 2007 - 12:00am

In Brief

US-based Informatica to help State Grid integrate IT structure

State Grid Corp of China, the mainland's largest utility and one of the world's largest companies, has chosen key technology from California-based software firm Informatica Corp as the cornerstone of its corporate information integration initiative. Financial terms were not disclosed.

7 Aug 2007 - 12:00am

State Grid steps up insurance foray

State Grid Corp of China, the monopoly power distributor in all but five provinces, is close to setting up two insurance units in its latest expansion into the insurance sector by a state energy giant, according to a state media report.

29 Mar 2007 - 12:00am

State Grid lifts IPO hopes with 87pc profit surge

State Grid Corp of China's 87 per cent jump in unaudited net profit last year bodes well for its planned overseas listing.

The unaudited net profit in all but five southern provinces surged to 26.92 billion yuan last year, as turnover grew 19.7 per cent to 852.9 billion yuan, boosted by increases in end-user charges, the power distributor said in a statement yesterday.

16 Jan 2007 - 12:00am

State Grid plans US$5b IPO

China's regulator prefers power firm sell its first shares in the domestic market

State Grid Corp, the larger of China's two power distributors, is planning to raise at least US$5 billion in an initial public offering in 2008, people familiar with the situation said.

21 Aug 2006 - 12:00am