State Grid Corporation of China
The State Grid Corporation of China (SGCC), commonly known as the State Grid, is a Chinese state-owned electric utility corporation. It is the largest utility company in the world. As of 2022, State Grid is the world's third largest company overall by revenue, behind Walmart and Saudi Aramco. In 2022 it was reported as having 871,145 employees, 1.1 billion customers and revenue equivalent to US$460 billion. It is overseen by the State-owned Assets Supervision and Administration Commission of the State Council.
State Grid headquarters in Beijing's Xicheng District | |
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Native name | 国家电网公司 |
| Company type | State-owned enterprise |
| Industry | Electric utility |
| Founded | 2002 |
| Headquarters | , China |
Area served | China Philippines (through National Grid Corporation of the Philippines) Australia Brazil Italy Portugal Greece Chile |
Key people | Xin Baoan (Chairman)
Huang Dean (Chief Compliance Officer) Zhang Zhigang (President) Pan Jingdong (Executive Vice President) Zhu Min (Executive Vice President) |
| Products | Electrical grid, Electric power transmission |
| Services | Nuclear power transmission |
| Revenue | US$ 363.125 billion (2017) |
| 78,697,281,872 renminbi (2018) | |
| US$ 10.201 billion (2015) | |
| Total assets | US$ 585.278 billion (2017) |
| Total equity | US$ 207.345 billion (2015) |
Number of employees | 1.566 million (2019) |
| Website | www |
| State Grid Corporation of China | |||||||
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| Simplified Chinese | 国家电网公司 | ||||||
| Traditional Chinese | 國家電網公司 | ||||||
| Literal meaning | National Power Grid Company | ||||||
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After the electricity Plant-Grid Separation reform in early 2002, the assets of State Electric Power Corporation (国家电力公司) were divided into five power generation groups that retained the power plants and five regional subsidiaries belonging to the State Grid Corporation of China in Beijing.