Electric power companies, generally referred to as State Grid Corporation, can also be called State Grid. The actual controller is the State-owned Assets Supervision and Administration Commission of the State Council, which ultimately benefits 65,438+000.0% of the shares. It is a super-large state-owned key enterprise related to national energy security and the lifeline of the national economy.
The establishment of State Grid marks an important step in the reform of power system in China. In 2003, with the approval of the State Council, State Grid was formally established, which absorbed the power enterprises under the former Ministry of Electric Power, aiming at introducing competition mechanism, improving power supply efficiency and service quality, reducing power costs and promoting the healthy development of the power industry.
Up to now, State Grid has successfully built 30 UHV transmission projects, becoming one of the power grids with the strongest transmission capacity and the largest scale of new energy grid connection in the world, ranking third in the Fortune Global 500 list in 2023, and ranking first in the China 500 most valuable brands for eight consecutive years.
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