(Yicai Global) June 16 -- The State Grid Corporation of China has secured another project overseas.
This time, it will export its new technology.
A joint work group set up by the Global Energy Interconnection Research Institute and Nari Group Corp. has won the bid to build a converter station for the flexible direct current transmission project in Shetland, UK, meaning State Grid will help Britain build its power grids, State Grid News quoted State Grid as saying June 13.
The Shetland project is the first international project in which the company will apply its flexible DC transmission technology, a sign that its high-end electricity transmission technology is internationally competitive, State Grid said.
The Shetland Islands lie north of the Scottish mainland. A power plant in Lerwick, Shetland's main town has supplied its energy. However, the plant will be shut in 2019, prompting Shetland to launch a new power project.
Among the four bidders for the Shetland project, only UK's National Grid plc [LON:NG] also proposed to supply electricity to the islands via flexible DC transmission, while all the other bidders suggested building a new local power plant, State Grid News reported.
State Grid has won several overseas projects in recent years, helping foreign countries build their power grids. As of March, State Grid had invested over USD15 billion in key energy networks in seven countries, including the Philippines, Brazil, Portugal and Australia, said Shu Yinbiao, its chairman, at a meeting.