ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

China power giant gobbling up foreign players

State Grid Corp. of China's investment abroad may hit $50bn by 2020

BEIJING -- State Grid Corp. of China(SGCC), one of the companies spearheading Beijing's 21st-century Silk Road project, plans to boost its overseas investment to up to $50 billion by 2020.

Since first venturing abroad in 2009, the state-run power transmitter and distributor has increased its cumulative overseas investment to more than $10 billion, including the purchase of stakes in power grid operators in Brazil and Greece in 2016. A big factor driving the overseas push is the attractive foreign earnings-to-assets ratios, which are three to five times higher than those in China.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more