China Southern Power Grid Co. Ltd. has agreed to pay around $2.9 billion to acquire two Peruvian assets from Italy''s biggest utility Enel SpA, as the Chinese state-owned major deepens its footprint in South America amid a
China Southern Power Grid est une entreprise publique chinoise créée en 2002 qui est un des 2 gestionnaires de réseau de transport d''électricité chinois (l''autre société est la State Grid
China Southern Power Grid, one of the country's two major power grids, is stepping up interconnection and international power trade in Southeast Asia to promote optimal allocation of clean energy while injecting green power into regional economic and social development.
China Southern Power Grid, whose business covers Guangdong, Yunnan, Guizhou and Hainan provinces and the Guangxi Zhuang autonomous region, said earlier it will invest 670 billion yuan ($105.2 billion) in grid network construction during the 2021-25 period to ensure power supply stability and boost green power consumption.
China has two major national power generation and transmission utilities -- State Grid Corp of China and China Southern Power Grid. State Grid covers about 26 provinces in eastern, central and northern regions, while the latter covers five provinces in southern China.
China Southern Power Grid will acquire Italian utility giant Enel's equity stakes in two Peruvian assets for $2.9 billion. Photo: VCG
Southern power grids extend approximately 2,000 kilometers from east to west, covering a variety of sources for power generation, including water, coal, nuclear, pumped storage, oil, gas and wind.
Meng Zhenping, Party secretary and chairman of China Southern Power Grid Co Ltd, said earlier the company will deepen its structural reform to become a competitive world-class enterprise and accelerate steps in the construction and investment of the new generation of power grids and related infrastructure.
