State Grid Corporation of China

China's State Grid readies for possible power deregulation

On the mainland, power prices are set by the state, but State Grid gives priority to generators that are less polluting. Photo: Bloomberg

State Grid Corp of China's acquisition of power distribution assets in Australia made headlines last month because of the deal's size, but the strategic value of the transaction to the mainland's monopoly power distributor is the chance it gives the firm to gain first-hand knowledge of how deregulated power markets function, analysts say.

Friday, 14 June, 2013, 3:49am

China electricity meter market ranks high for Echelon joint venture

Deployment of smart electricity meters can encourage saving energy and cutting carbon footprint. Photo: Felix Wong

The mainland's advanced electricity meter market is the world's largest and most attractive, as austerity-induced delays plague tenders in many parts of the world, according to the chief of Echelon, a Silicon Valley-based developer of communication equipment for the power distribution sector.

7 Jan 2013 - 5:57am

Power producers may get cash aid

Beijing is mulling a cash injection to bolster ailing power producers that have been hurt by price restrictions to contain inflation amid higher coal costs.

Cao Peixi, the head of the mainland's largest power producer, said Beijing was highly concerned about the industry's financial health.

23 Mar 2012 - 12:00am

State Grid in talks to buy wind power assets from American utility

The State Grid Corporation of China, a monopoly power distributor in all but five southern provinces of the mainland, is in talks to buy wind power assets from the United States power utility AES.

The transaction would be the state-owned firm's first foray into the US power market. Its international expansion has included the Philippines, Portugal and Brazil.

29 Feb 2012 - 12:00am

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 sells 8 coal-fired plants as industry restructuring winds up

State Grid Corp of China has agreed to sell eight coal-fired plants to seven state-owned companies, marking the completion of separating the industry's generation and distribution operations.

25 Dec 2007 - 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

Guodian pays 3b yuan to control GD Power

China Guodian Group, a state-owned national power producer, has agreed to pay 3.07 billion yuan to raise its interest in mainland-listed unit GD Power Development and become its key stakeholder.

China Guodian would buy Liaoning Electric Power's 24.2 per cent stake in Shanghai-listed GD Power, bringing its total stake to 61.82 per cent, GD Power said yesterday.

14 Aug 2007 - 12:00am

Rules out soon on power sector staff share ban

Beijing will soon issue guidelines banning employees at electricity distribution firms from owning shares in power generators to curb conflicts of interest in the wake of irregularities at companies such as Shandong Luneng Group.

27 Jun 2007 - 12:00am

State Grid moves closer to power distribution

State Grid Corp of China has raised 18.7 billion yuan by selling stakes in 38 power companies through open tenders, taking itself closer to finishing its restructuring into a pure power distribution company.

1 Jun 2007 - 12:00am

Energy giants face break-up

China has set a rough timetable for power sector reform for the first time, which places the completion of the separation of generation and distribution at the forefront of its priorities.

14 Apr 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

CICC gains key role in 10b yuan asset sale

Investment bank will handle disposal of government stakes under power reform

The State Electricity Regulatory Commission (SERC) has hired mainland investment bank China International Capital Corp (CICC) to help it sell more than 10 billion yuan worth of power generation assets owned by the central government, industry sources said.

9 Aug 2006 - 12:00am

Expansion rush gets part of blame for China's power problems

The government-ordered break-up of China's former behemoth State Power Corp (SPC) two years ago takes some of the blame for the current over-investment problem in the power industry, according to its former vice-chairman.

14 Mar 2005 - 12:00am

Building of nuclear plants approved

The State Council yesterday approved construction of two nuclear power plants - in Guangdong and Zhejiang - as the country struggles to meet its energy needs.

22 Jul 2004 - 12:00am