China’s state-owned power company supplies power to 1.1 billion people, covering 88% of the most populous nation’s terrain, and boasts the annual revenues—$348.9 billion in 2017—to reflect the colossal nature of those operations. The world’s largest utility also owns and operates a growing portfolio of assets around the world, from Australia to Italy to Brazil, an expansion project that has increasingly drawn the attention of foreign regulators. Australia rejected a State Grid bid in recent years in the name of national security. State Grid has also aggressively been pursuing clean energy investment.
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