SGCC power exchange project

State Grid Corporation of China (SGCC), established on December 29, 2002, is a wholly state-owned company under the direct management of the central government established in accordance with the Company Law, with a registered capital of 829.5 billion yuan. With the core business of investing in the construction and operation of power grids, SGCC is a super large key state-owned backbone enterprise related to national energy security and the lifeblood of the national economy.

The company's business area covers 26 provinces (autonomous regions, municipalities directly under the Central Government) in China, the power supply scope accounts for 88% of the land area, and the power supply population exceeds 1.1 billion. Over the past 20 years, the State Grid has maintained the longest safety record of the global super large power grid, completed more than 20 ultra-high voltage transmission projects, and become the power grid with the strongest transmission capacity and the largest scale of new energy grid connection in the world. The company's patent ownership continues to rank first among central enterprises. The company ranks second in the Fortune Global 500 in 2021. It has been rated A in the performance assessment of the State owned Assets Supervision and Administration Commission of the State Council for 18 consecutive years, won the national sovereign credit rating of three major international rating agencies, Standard&Poor's, Moody's and Fitch (S&P A+, Moody's A1, Fitch A+) for 9 consecutive years, won the first place in China's 500 most valuable brands for seven consecutive years, and ranked first in the top 50 global public utility brands for five consecutive years. It is the world's largest public utility enterprise, It is also an innovative enterprise with industry leadership and international influence.