The State Grid Corporation of China (SGCC), commonly known as the State Grid, is a Chinese state-owned electric utility corporation.
China began an initiative to reform the country's power sector in a three-stage process in 1986. In the third and final stage in March 2002 the State Council of the People's Republic of China put into effect a plan to restructure the country's electric power system in order to create competition and separate generation and transmission functions.
The State Grid Corporation of China was founded on December 29, 2002, when the restructuring divided the former State Power Corporation of China into two grid companies, five generation groups and four accessorial business companies. The two grid companies created were the State Grid Corporation of China and a smaller China Southern Power Grid Company.At its creation, the company had a generation capacity of 6.47 gigawatts.
The company is the largest utility company in the world, and as of 2019, the world's fifth largest company overall by revenue. In 2016/17 it was reported as having 927,839 employees, 1.1 billion customers and revenue equivalent to US$363.125 billion.
According to Statista, State Grid is the most valuable utilities brand worldwide 2020, with brand value of 56,965 million US dollar in 2020.
According to Statista and en.wikipedia