The government-owned State Grid Corporation remains China’s largest power distributor, supplying power to nearly 80% of the country’s territory. But despite dominating its home country, State Grid has global aspirations. This May, it announced a double-barrel deal with Singapore Power -- reportedly worth around $3 billion -- that will make it one of the largest power distributors in Australia. The deal is the latest in State Grid’s overseas investments conducted in recent years, including those in Brazil, Philippines, and Portugal.
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