The national grid is related to the national economy and is the largest energy enterprise in China. In the process of entering overseas, there are five major business sectors.
Since the establishment of the internationalization strategy in 2004, the overseas investment has been strengthened, and its overseas layout consideration is not only an economic factor.
State Grid Overseas Investment Layout
In 2012, State Grid's investment made a breakthrough: 25% of the Portuguese energy company's equity was acquired by China, which is China's first shareholding in the European national grid company.
Later in Australia, Brazil's investment in power grids has further expanded. National Grid has entered the power market in more than 80 countries with UHV, the world's leading technology.
Up to now, nearly 130 billion yuan of overseas investment has been fully profitable, and more than 260 billion yuan of construction projects have been carried out one after another, which not only improved the local power shortage, but also contributed China's power to the world's energy transformation.
At the end of 2017, the number of overseas investment of the company rapidly increased to 60 billion US dollars, a year-on-year increase of 50%.
It is understood that the backbone energy networks of the seven countries and regions such as the Philippines, Brazil, Portugal, Australia, Italy, Greece are all participating in the investment operation of the State Grid. In 2017, the State Grid Corporation continued to maintain the second place in the world's top 500. .
State Grid part of overseas investment
The second phase of Brazil's beautiful mountain UHV DC transmission, independently invested by the State Grid, is the 'first show' of UHV 'going out', marking the successful development of China's self-developed transmission technology to the world. The reputation and influence of China's UHV technology in the world. The force is gradually improving, and this project alone can meet the annual electricity demand of 22 million people in Brazil.
Driven by UHV transmission, China's HVDC transmission technology has gone abroad and went to the world. In recent years, the State Grid Corporation has successfully bidbed many times in overseas state-level transmission grids and large-scale power grid projects. The general contracting of the Pakistani Murrah ± 60 kV DC project for the offshore DC transmission project is the State Grid.
If it is completed and put into operation in 2019, it will solve the power shortage problem in central and northern Pakistan.
At present, State Grid Corporation has built 10 international transmission lines, and will steadily promote interconnection with neighboring national grids.
State Grid part of overseas business projects
There are still 1 billion people without electricity in South Asia and Africa. The power facilities in Central and Eastern Europe need to be upgraded. The demand for energy transformation in West Asia is urgent. The country’s electricity demand and investment opportunities in these areas are all in sight, helping them simultaneously. It is also bound to drive China's economic growth.