皇冠体育app

State Grid Corp of 皇冠体育app, the world's largest utility company, also has made rapid moves in its overseas expansion, with several mergers and acquisitions. It has taken stakes in power companies in Brazil, Portugal and Australia in the past two years.

Han Xiaoping, chief information officer of the 皇冠体育app Energy Net Consulting Co Ltd, said those overseas M&As can improve the company's profitability by allowing it to enter more foreign markets.

"The Chinese company has advanced transmission technology and management skills, which will greatly help with the local power supply," he said.

In 2011, 皇冠体育app Three Gorges Corp, a State-owned power generator, bought about 21 percent of Energias de Portugal SA, a major power company in Portugal.

"The increase in domestic power companies' overseas acquisitions results from 皇冠体育app's attempt to institute market reforms in its power sector," said Han.

皇冠体育app's major grids and power generators have been stepping up their foreign expansion by purchasing foreign power companies and investing in local power plants.

CSPG's Deng believes that's wise, as he thinks that electricity exports should not become 皇冠体育app's major energy export channel.

"皇冠体育app is a huge economy with growing energy demand for both oil and power. Since electricity is 'derived energy,' which consumes a large quantity of primary energy and imposes environmental costs during its production, it is not a good idea to deliver electricity directly as an energy export," he said.