When did the State Council approve the State Grid Corporation of China?

The State Council on 28 February 2003 announced its decision to approve ‘in principle’ the two documents submitted by the State Economic and Trade Commission (SETC): ‘The Formation of the State Grid Corporation of China’, and ‘The Charter of the State Grid Corporation of China’.

What happened to SGCC's North China Grid Company?

When the SGCC management adopted a pilot change by bringing two municipal power companies in Beijing and Tianjin under its umbrella as one direct subsidiary in late 2008, it in effect hollowed out the North China Grid Company.

Why did SGCC become a guardian of the national transmission grid?

The mandate given by the State Council allowed SGCC to present itself as guardian of the interests of the national transmission grid. 88 It also enabled SGCC to pursue the interest of grid expansion without having to compete for resources with generation or other sections of energy industries as before.

How many power grids does the SGCC have?

Divided by geographic area, the operation area of the SGCC comprises six large regional power grids: the Northwest China, Southwest China, Northeast China, North China, Central China, and East China branches.

Who owns State Grid?

As of March 2024, State Grid is the world's third largest company overall by revenue, behind Walmart and Amazon. In 2023 it was reported as having 1.3 million employees, 1.1 billion customers and revenue equivalent to US$546 billion. It is overseen by the State-owned Assets Supervision and Administration Commission of the State Council.

What percentage of China's power grid is SGCC?

SGCC accounts for 80% of the Chinese grid, with China Southern Power Grid accounting for the other 20%. : 40 At its creation, SGCC company had a generation capacity of 6.47 gigawatts. In 2003 and progressively so through the early 2000s, electrical shortages caused the government to institute rolling blackouts.