Energy Economy

28 Jun 2020

China State Grid Completes a Wholly-Owned Acquisition of Chile's Chiquita Group

28 Jun 2020  by World-Energy   

According to reports, the project is also the largest investment project by Chinese companies in the field of Chile's energy and utilities,the project is of great significance to deepen the comprehensive strategic partnership between the two countries, expand bilateral economic and trade exchanges, and promote the joint construction of the “Belt and Road”.

Chikunta Group is the third largest distribution company in Chile, with 16,911 kilometers of distribution lines and a service population of more than 2 million. The company is also engaged in the transmission business and has 1,109 kilometers of transmission lines.

At present, the State Grid Corporation has successfully invested and operated the backbone energy grid assets in 9 countries and regions around the world.

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