Xuji seeks takeover targets globally in contract push

Xuji Group Corp, a subsidiary of State Grid Corporation of China, is on the hunt for small and medium-sized takeover targets internationally, in an effort to help it win electricity transmission contracts around the world.

Zhao Bin, director of the group's international affairs department, said its search is likely to start in Asia and Africa, and focus on companies that can will help "widen the application of its technology", and increase its contribution to the global energy internet.

Xuji is already involved in building the Belo Monte extra-high voltage, or EHV, direct-current transmission project in Brazil - a deal it won nearly one year ago.