Just after the supervisory board meeting another argument has arisen about not selling the Power Grids division. The Chinese company State Grid Corporation is interested in ABB’s leading-edge technology HVDC (high voltage direct current). State Grid Corporation is ABB’s largest customer but might also become its the largest competitor. The company controls more than 80% of the Chinese grid. According to recent rumours, State Grid is willing to pay up to US$20bn, which is in line w
22 Sep 2016
The communication engine has started!
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
The communication engine has started!
- Published:
22 Sep 2016 -
Author:
Heinz Steffen -
Pages:
2
Just after the supervisory board meeting another argument has arisen about not selling the Power Grids division. The Chinese company State Grid Corporation is interested in ABB’s leading-edge technology HVDC (high voltage direct current). State Grid Corporation is ABB’s largest customer but might also become its the largest competitor. The company controls more than 80% of the Chinese grid. According to recent rumours, State Grid is willing to pay up to US$20bn, which is in line w