State Grid

China State Grid expands in Australia through Singapore Power

The Chinese utility group has agreed a deal with Singapore Power to buy 19.9% of Australia’s SP AusNet and 60% of SPIAA.

<div style="text-align: left;"> SP AusNet that manages three electricity networks in Victoria </div>

Rupert Walker

May 20, 2013

China State Grid, the country’s biggest utility group, has made further acquisitions in the Australian energy market. It has agreed to pay Singapore Power A$824 million ($810 million) for 19.9% of SP AusNet and 60% of SPI Australia Assets (SPIAA).

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