State Grid Corp of China invests in Australia

State Grid Corp of China buys a 41% stake in South Australia's electricity supplier ElectraNet, while CK Life Sciences buys Cheetham Salt from Australia's Ridley Corp.

State Grid Corp of China invests in Australia
A 640km ultra high voltage pilot project that starts in Shanxi province

In the latest overseas energy acquisition bid, State Grid Corp of China plans to buy a 41% stake in South Australian electricity supplier ElectraNet for A$500 million $523 million.

State Grid signed an agreement with Powerlink, which operates the Queensland transmission grid, to buy its interests in ElectraNet, South Australia’s electricity transmission grid operator. The transaction is scheduled for completion by the end of 2012. Barclays is advising State Grid on the...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES