China Power is shocking the world!

An article entitled "China wants to power the world" stated that one of the world's largest power companies, the State Grid Corporation of China, is setting off an impressive acquisition boom. The company is actively bidding to obtain Australian power assets. However, its goal is not simply to invest. China has a plan to build a global energy internet.

According to the idea, this plan will use wind energy resources of the Arctic Circle and solar energy resources in the equator and nearby areas to obtain electricity, and then distribute electricity to all corners of the world. The plan will also make the world a "global village" with blue sky and green space.

Once the “global grid” is established, networking with energy bases in the Arctic and equatorial regions will be achieved. In fact, the global energy internet will be a system that will never fall. Electricity will be supplied day and night and all-weather.

In addition to bidding for Australian power assets, not long ago, the British media also reported that China’s investment plans for remote, ultra-high voltage power transmission lines will pave the way for China’s power exports to areas as far away as Germany. Today's "China Power" is contributing a powerful force to the world!

In December 2007, the bidding consortium of the State Grid Corporation of China and local partners in the Philippines won the bid for the 25-year franchise of the Philippine National Power Transmission Network, and thus became the largest shareholder holding 40% of the shares. The project was officially launched in January 2009.

In May 2012, State Grid successfully acquired 25% of the shares of Portuguese National Energy Network Corporation (REN), and for the first time, it acquired shares of European National Energy Network Company as a strategic investor and the single largest shareholder.

In December 2012, State Grid successfully acquired 46.56% of the shares of Australia's South Australian Transmission Grid Company.

In January 2014, State Grid successfully acquired 60% of Singapore Energy International Australia Assets Corporation owned by Singapore Energy Company, a subsidiary of Singapore Temasek Group, and 19.9% ​​of Singapore Energy Australia Network Company.

Informed sources said last month that State Grid was among the companies planning to bid for Ausgrid, the Australian power grid company. State Grid has shown interest in acquiring Abengoa's transmission assets in Brazil.

The reason why the company actively sought for overseas assets was explained by Dong Liu Zhenya, the State Grid Corporation of China. He said that because overseas assets are mainly supervised assets, with good returns and benefits, the return rate of net assets is above double digits, and the State Grid Corporation of China plans to invest 30 billion to 50 billion U.S. dollars abroad by 2020.