China Wants to Power the World

A Global Energy Interconnection would create a supergrid that spans the globe.

State Grid wants to usher in blue skies and green land.

Photographer: Liu Jin/AFP/Getty Images

China’s State Grid Corporation, the world’s biggest power company, is on an impressive buying binge. As Bloomberg News reports, the company is “actively in bidding” for power assets in Australia, hoping to add them to a portfolio of Italian, Brazilian, and Filipino companies. The goal isn’t simply to invest, however. State Grid's Chairman Liu Zhenya has a plan that he believes will stall global warming, put millions of people to work and bring about world peace by 2050.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.