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3 FAQs about [How to open China Southern Power Grid on WeChat]
Will China Southern power grid buy Enel's Peruvian assets for $2.9 billion?
China Southern Power Grid will acquire Italian utility giant Enel's equity stakes in two Peruvian assets for $2.9 billion. Photo: VCG
Who is China Southern Power Grid co?
In accordance with a State Council rule on electric power system reform, China Southern Power Grid Co was officially launched and put into operation on Dec 29, 2002. It is a centrally-administered company, with the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) performing duties as its investor.
Why did China pay $2.9 billion for Enel Spa?
Photo: VCG China Southern Power Grid Co. Ltd. has agreed to pay around $2.9 billion to acquire two Peruvian assets from Italy’s biggest utility Enel SpA, as the Chinese state-owned major deepens its footprint in South America amid a global business expansion.
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