State Grid Corporation of China (SGCC) has completed the 49% equity acquisition 
of Oman Electricity Transmission Company OETC together with seller Nama Group 
on March 11 in Muscat, Oman. 

As a technical partner, SGCC will make use of its technologies and experience 
in grid operations management with its local partners in the region to continue 
improving the operational safety and distribution capacity of the country's 
electric grid.

Committed to becoming a long-term and stable international investor in the 
industry that upholds sustainable development strategies, SGCC always insists 
on long-term, local and market-oriented operations.

Through advanced power transmission technologies, management experience and 
strong brand, SGCC seeks to fulfil its social responsibilities to accomplish 
with better results. In its approach to international stock assets acquisition 
in the overseas power and energy sector, greenfield development projects and 
asset operation management, SGCC follows the principles of equality and mutual 
growth.

Since 2008, SGCC has successively acquired stakes in the Philippines (NGCP, 
40%), Portugal (REN, 25%), Australia (46.56% of ElectraNet, 60% of SGSPAA and 
19.9% of AusNet), Hong Kong SAR (HKEI, 21%), Italy (CDP Reti, 35%), Brazil 
(CPFL, nearly 85%), Greece (IPTO, 24%) and Oman (OETC, 49%).

SGCC has won multiple greenfield investment bids, including the Teles Pires 
transmission lines and the Belo Monte Hydropower UHV transmission project. All 
of SGCC's projects overseas that total USD 65 billion in value is operating 
smoothly with excellent performance. The company also emphasizes growing the 
capacity of overseas assets and promoting sustainable development of investment 
companies.

Since becoming a shareholder in the NGCP project in the Philippines, SGCC has 
actively shared advanced power grid technologies and management experience with 
the local partner to improve operations, power quality and reliability 
continuously. Guaranteeing a safe and reliable power supply for the economic 
development of the Philippines.

SGCC has also supported NGCP in fighting natural disasters and has sent 
multiple batches of experts to provide advices on restoration works while 
enhancing disaster prevention and resilience of NGCP power assets.

In Brazil, SGCC has led the CPFL company to improve quality and efficiency, 
winning multiple awards that recognized CPFL as the "Best National Distributor" 
and the 2017 Brazil Reputation Dividend Report "Reputation 1st place of Energy 
Enterprises" (2017). CPFL also received the IASC Award (Aneel Consumer 
Satisfaction Index) (2018). The Belo Monte UHVDC Phase II (XRTE) by State Grid 
Brazil Holding (SGBH) was awarded the 2019 Benchmarking Brazil's Best Social 
Environment Management Project for its practical environmental protection work. 
Meanwhile, the Teles Pires Transmission Phase II Project was completed two and 
a half years in advance and received commendatory letter issued by ONS Brazil.

In Australia, the SGSPAA Northern Gas Pipeline Phase I Project was presented 
the "Best Customer Innovation Award" and became one of the 2019 International 
Edison Award Finalists for its Power Changers project, and an AusNet Services 
project that is providing an insight into how new energy technologies may be 
used to improve the security, reliability and affordability of electricity for 
communities in the future was named a joint winner of the Clean Energy 
Council's Innovation Award.

In Portugal, REN was named "Most Attractive Employer" for its good business 
performance and corporate image. In the meantime, SGCC fulfils its corporate 
social responsibilities by supporting local education, cultural and sports and 
poverty alleviation undertakings, and thrives to achieve the comprehensive 
development that integrates the economy, society, people's livelihood and 
environment in the countries and regions through public welfare projects.

SGBH has supported more than 450 public welfare programs in Brazil, including 
the ancient Valongo Wharf Archaeological Site in Rio de Janeiro and the Maré do 
Amanhã Orchestra project. The latter has successfully trained more than 6,000 
teenagers and received "TheBest Management Practice of Social Responsibility 
Award" from United Nations Global Compact.

In the Philippines, SGCC has supported NGCP to make significant contributions 
to student aid programs, community development, disaster resistance and 
alleviation and environmental protection. The "Brighten Up" project was the 
first major corporate social responsibility project in the Philippines carried 
out by a Chinese company, and it provided electricity to two villages located 
in remote areas.

For more information, please visit: www.sgcc.com.cn 

About SGCC

Established in 2002, SGCC is a state-owned company that takes the investment, 
construction and operation of power grids as core business. Committed to 
re-electrification and energy connectivity, meeting the power demand with clean 
and green alternatives, SGCC supplies power to over 1.1 billion population in 
26 provinces, autonomous regions and municipalities, covering 88% of Chinese 
national territory. 

As the largest public utility in the world, with a registered capital of 829.5 
billion RMB and total overseas assets of USD 65 billion.

SOURCE SGCC