Both units of the project were put into commercial operation on November 27, 2018, 200 days ahead of the schedule specified in the BOT Contract. Since then, it greatly eases the electricity shortage in the south of Vietnam, and the local stress of “north-to-south power transmission”, providing support for the stable economic growth of the southern Vietnam.
Laos Nam Tha 1 Hydropower Project is CSG’s first overseas hydropower project under the framework of the Belt and Road Initiative. It is jointly invested by CSGI and Electricite Du Laos.The project is located on the Nam Tha River, a branch of Mekong in Bokeo province, constructed on a BOT model with a construction period of 4 years , franchise operation of 28 years , and the total installed capacity of 168MW.
On October 26, 2018, Laos Nam Tha 1 Hydropower Station was officially put into production after all of the three power generation units passed 72-hour commissioning test. On April 1, 2019, the commercial operation of the plant was in full swing, infusing vitality into the economic development and industrial restructuring of northern Laos. During construction process of the project, 11 relocation sites ,resettlement of more than 10000 migrants and reconstruction of 14 Primary and Secondary Schools were arranged, thus greatly improving the life condition of the reservoir area and contributing to a closer bond between Laos and China.
The acquisition of 30% equity of Castle Peak Power Company Limited (CAPCO) was accomplished by CSG HK on 12th May, 2014. The deal was awarded as “The Best Deal of Hong Kong of the Year 2014” by Asian Financial Magazine.
The core business of CAPCO is power generation. It operates four power stations with a total installed capacity of 7,568 MW as of 30 June 2020,consisting of Black Point Power Station,Castle Peak Power Station, Penny’s Bay Power Station and West New Territories Landfill Station.
The electricity interconnection between the Mainland and Macau dates from 1984. By driving operational excellence and financial discipline, the electric power we delivered to the customers in Macau has been more safely, reliably and efficiently. The capacity of electricity interconnectors in operation is approximately 1.3GW, which can satisfy the power demand of the whole society of Macau, and it will be invigorated to over 1.7GW in 2023. We also drive change through engineering innovation and by incubating new ideas with the power to revolutionise our business.
As the world changes to embrace cleaner energy, GSGI is and will always be committed to long-term decarbonisation by sharing clean energy with the customers in Macau, to achieve our vision of building a renewable energy future with Macau.
On March 19, 2018, CSG enters into a purchase agreement of which CSG acquired 27.8% of the equity interest of Transelec from Canada Assets Management Company Brookfield Infrastructure Partners (BIP) in Madrid of Spain and San Diego of Chile.
ETC Transmission Holdings S.L is the largest power transmission network operator of Chile and has an overal length of approximately 10000 kilometers of power transmission lines in Chile, 60 power substations, with services covering 98% population of Chile.
The project is ground-breaking in overseas power grid merging and acquisition of CSG , enables the penetration of CSG from Greater Mekong Subregion and Hong Kong & Macao regions to Latin America, which marks a significant milestone in uplifting internationalization level of CSG.
On April 3, 2018, CSG acquired 37% of the equity interest of Malaysia Edra Power Holdings Sdn Bhd (Edra) from CGN with CSG HK being the investment entity.
Malaysia Edra Power Holdings Sdn Bhd is one of the largest independent power producers of Southeast Asia, who possesses 13 power stations (11 gas-fired power stations, 1 coal-fired power plant and 1 diesel power station) with the total installed capacity of 8770 megawatt. The subordinate projects are distributed in five Belt and Road Initiative countries, including Malaysia, Egypt, Bangladesh, Pakistan and United Arab Emirates, countries of which are of great electric power demand.
Taking advantages of its rich experience in power grid construction, operation and maintenance, CSG has been cooperating with other power generation enterprises such as CGN to achieve strong synergistic effect and a win-win situation.
On October 22, 2018, CSG and France private equity fund Ardian Company closed the equity acquisition deal in Luxembourg, by which CSG acquired 24.92% of the equity interest of Encevo S.A. held by Ardian successfully.
Encevo S.A. operates more than 10000 kilometers power transmission line and 3700 km natural gas pipeline in Europe and mainly engages in power transmission and distribution and gas transmission and distribution monitoring service, sales of electricity and gas, power generation with new energy and other stock right and investment business. Its business is widely distributed in Luxembourg, German, France, Belgium and Italy.
The project achieved the strategic layout of CSG in Europe and is helpful to learn management experience of interconnected power grid of Europe, and increasingly boost the international competitiveness constantly.
On November 9, 2018, the agreement signing ceremony for MVIP direct current EPC project between CSG and National Grid Corporation of the Philippines was held in Manila, Philippines. The consortium composed of CSG, Xi’an Electric Engineering Co., Ltd and Power Construction Corporation of China will undertake the construction for earth electrode station and convertor station of MVIP direct current project of National Grid Corporation of the?Philippines .
The bid-winning power transmission and distribution project may depend on the expertise of the power grid to give full play to the advantage of CSG so as to fullly exhibit the ability of CSG in construction, operation and maintenance in the field of DC power transmission. At the same time, it is conducive to the stepping-out of the domestic technical equipment and construction strength to boost international popularity and influence of CSG.
China Southern Power Grid Co., Ltd. (CSG) invests in, constructs and operates power networks throughout Guangdong, Guangxi, Yunnan, Guizhou and Hainan Provinces, with a total service area spanning 1 million square kilometers and a population of 252 million people.
In Year 2017, CSG sold 890.2TWh of electricity while company revenue exceeded RMB 494.6 billion, with 202.8TWh of electricity transmitted from “West to East”.
By the close of the year, CSG’s total assets amounted to RMB 744.5 billion. China Southern Power Grid has been listed in the Fortune Global 500 for 13 consecutive years, ranking 100th in Year 2017.
Standard & Poor’s, Moody’s and Fitch have awarded CSG its highest sovereign rating. Featuring long distance, extra high voltage and hybrid DC/AC operation, CSG operates one of the most sophisticated and technically advanced power grid in the world. With its grid spanning 2,000 kilometers from west to east, channels in the West-to-East Power Transmission Project with a maximum transmission capacity of 47.5GW.
Adjacent to Hong Kong and Macau and bordering Vietnam, Laos and Myanmar, CSG had carried out 50.5TWh of power transactions with Vietnam, Laos and Myanmar through eight interconnections