State Grid ready to diversify operations overseas

Beijing-based State Grid Corp of China is keeping an eye on the markets in Central and Eastern Europe, with a view to transferring existing assets as well as investment opportunities in new energy in the region.

"State Grid, which runs the majority of the nation's electricity distribution networks, has no investment in the region so far, but will keep a watchful eye on the markets in Central and Eastern Europe," said Wang Yimin, assistant general manager of State Grid.

"The company vows to speed up the building of a smart grid - to advance development of energy production and consumption with international peers for a better future," he said.