SGCC ranked the eighth on Fortune Global 500 list in 2010, rising 7 places from 2009. It occupied the fourth place among Asian companies, but still topped in the utility industry worldwide. This year, there were 54 Chinese companies (including Hong Kong and Taiwan) on the list in total. The number was increased by 11 comparing to last year. SGCC was the second among all Chinese companies.
According to "Fortune" website, "State Grid Corporation served as China's primary power grid builder and operator, supplying power to millions. Since its founding in 2002, the company has become increasing involved in power industry reform, technology exchange, and environmental conservation development."
The website also introduces that "State Grid President Liu Zhenya has set his sights on constructing China's first national Smart Grids in order to slash energy costs and improve distribution. If the grids are completed by 2020, they are expected to provide up to 35% of China's energy supply."
Source: Department of International Cooperation