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China's State Grid gets stake in Australian grid
Chinese firms in Australia's power transmission.
This is a new start for Chinese companies marked by State Grid Corporation of China succesful bid for a stake in ElectraNet, South Australia's sole power transmission network.
The stake is held by Powerlink, a Queensland public-sector electricity transmission firm.
The deal will be completed by the end of the year, the corporation said.
Media reports said it gives SGCC around a 40-percent stake in ElectraNet.
The move follows a number of other similar overseas deals made by the SGCC in the Philippines, Brazil and Portugal.
The SGCC will bring its technology and management skills to ElectraNet.
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