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State Grid Corporation of China is the largest electric utility company in the world. It is State-owned and transmits and distributes power in China and overseas markets. The power distributor is headquartered in Xicheng District, Beijing and manages distribution from four regional subsidiaries. SGCC was established as a State-owned enterprise on December 29, 2002. The company's core businesses are the construction and operation of power network that covers 26 provinces, autonomous regions, and municipalities.