SGCC was established on December 29, 2002 as a pilot State holding company approved by the State Council to carry out state-authorized investment. It has been rated as an A-Class enterprise by SASAC evaluation on operation performances for 13 consecutive years. As the largest utility in the world, SGCC has a stable ranking of 2nd on the Fortune Global 500.
SGCC constructs and operates power grids as its core business. As a super-large State-owned enterprise crucial to national energy security and economic lifelines, it’s mission is to provide safer, cleaner, and more economical and sustainable power supply. SGCC operates as a group with 829.5 billion yuan ($130.44 billion) of registered capital. It provides power to over 1.1 billion people in 26 provinces, autonomous regions and municipalities, covering 88 percent of the national territory. The company also owns and operates overseas assets in the Philippines, Brazil, Portugal, Australia, Italy and elsewhere.