China State Grid Eyes Asian Super Network With Partners' Help
- Softbank, State Grid and partners to conduct feasibility study
- CEO Masayoshi Son first proposed Asian Super Grid in 2011
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State Grid Corp. of China, the world’s largest electric utility company, will join with Japan’s Softbank Group Corp. and partners in South Korea and Russia in a bid to develop a power grid spanning Northeast Asia.
State Grid, Tokyo-based Softbank, Korea Electric Power Co., and Rosseti PJSC will together evaluate and study the feasibility of building a multinational power grid that covers the region, according to a Softbank statement Wednesday. The companies aim to seek assistance from regional governments.