China State Grid to Buy Brazil Assets

[AP] - China's biggest electricity company, State Grid, says it is paying $989 million for seven Brazilian power companies and their transmission lines as it seeks to expand overseas.

SHANGHAI (AP) -- China's biggest electricity provider, State Grid, says it has invested $989 million to acquire seven Brazilian power companies and their transmission facilities....

The Federal Energy Regulatory Commission has granted approval for the construction of the Plains and Eastern Clean Line wind power transmission cable. The 800 mile line will provide a high voltage direct current transmission for electricity generated by wind farms in western Oklahoma, southwest Kansas, and the Texas Panhandle, to customers in the Mid-South and Southeast.Now that approval has been granted the company behind the transmission line can start to look for customers to build wind farms and make use of the new cable.

ByJon Parepoynt:American Electric Power (AEP) is one of the largest regulated utilities. With a market capitalization of $21 billion, AEP ranks as the eighth-largest utility by market cap. AEP is among the nation's largest generators of electricity with over 40,000MW of capacity.

BEIJING (Reuters) - State Grid Corp of China plans to more than quadruple its overseas assets to $30 billion-$50 billion by 2020 from the current $8 billion, as the country's dominant power grid distributor seeks to further diversify away from the domestic market, the company president said. "Our global business is a very important part of the overall business of State Grid," Liu Zhenya told a media briefing on the sidelines of the 18th Communist Party Congress in Beijing. Overseas assets should account for at least one tenth of State Grid's current total assets of around 2. ...

<p>In the capitalist dog eat dog world, financial distress is an opportunity for those flush with cash.<br /> <br />The Portuguese economy, hammered by soaring debt, has led the government to attempt to reduce it by selling off investments in Redes Energeticas Nacionais, SGPS, S.A. (National Energy Network, formerly Rede Electrica Nacional, S.A., or REN), which in 2007 received a 50 year concession to operate Portugal’s national electricity transmission grid.<br /> <br />China's State Grid International Development Ltd.

A new circuit breaker design for high-voltage direct current means supergrids connecting resources on a global scale will be more efficient and reliable.Supergrids connecting electricity networks and renewable energy resources on a global scale will be more efficient and reliable, thanks to a new circuit breaker design for high-voltage direct current [HVDC] power lines, recently unveiled by the Swiss technology corporation ABB.The breaker means power flow equivalent to the electrical output of a large power station can be interrupted in just five…

State Grid Corp of China has had talks with U.S. power firm AES Corp about taking a controlling stake in its U.S. wind power business, three sources said, as China's cash-flush state-owned power companies ...