State Grid pushes for global power network

State Grid Corp, one of the world's biggest utility companies, is pushing to build a global energy network, which is expected to attract investment of $50 trillion by 2050 through a new unit, sources said on Tuesday.

Also the largest electric power transmission and distribution company in China, State Grid established a company at the end of last year to develop what its President Liu Zhenya called a "global energy Internet" through a massive electricity grid sharing renewables from all over the world.

It will be a Beijing-based company with offices in New York, Paris, Rio de Janeiro and Johannesburg, he said at a recent forum on energy investment and funding in Hong Kong.