State Grid/ElectraNet

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.

<div style="text-align: left;"> A 640km ultra high voltage pilot project that starts in Shanxi province </div>

Lara Wozniak Nick Ferguson

November 30, 2012

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).

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