State Grid of China Aiming to Build an Electricity Empire With Australia as Target

State Grid Corp. of China is seen as a top contender bidding for Ausgrid and envisage sending electricity via a global network. Its geographic footprint extends from South America to Australia and with strong ambitions of growing outside China, the company plans to develop a $50 trillion global energy network that could enable electricity to be transmitted beyond continental boundaries. The Beijing-based company, which is wholly owned by the government of China, can help upgrade electricity grids and other infrastructure, and bring new power-transmission technology to the countries it’s targeting.

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