STATE GRID PROFILE: State Grid Corporation of China (“SGCC”), established on 29 December 2002, is a state-owned enterprise and is the largest utility company in the world ranked as the world’s 7th largest company in the 2014 Fortune Global 500. The mission of the company is to provide safe, economical, clean and sustainable electric power for social and economic development. The company's core businesses are the construction and operation of power network that covers 26 provinces, autonomous regions and municipalities of China. Its service area represents 88% of the national territory, supported by more than 1,500,000 employees to serve a population of over 1.1 billion. SGID is a wholly owned subsidiary of SGCC and the sole platform to execute overseas asset investment and operation for SGCC. SGID has a number of investments in the countries and regions of the Philippines, Brazil, Portugal, Australia and Hong Kong.
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