State Grid Corporation of China
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 Bao'an (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$ 545.95 billion (2023) |
| US$ 12.127 billion (2023) | |
| US$ 9.204 billion (2023) | |
| Total assets | US$ 781.126 billion (2023) |
| Total equity | US$ 344.176 billion (2023) |
Number of employees | 1.361 million (2023) |
| Website | www |
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| 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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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 March 2024, State Grid is the world's third largest company overall by revenue, behind Walmart and Amazon, and is also the largest government-owned company by revenue. 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 (SASAC).
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.