China’s State Grid Corporation is to sell off 11 power stations valued at about US$2 billion as part of a company plan to exit electricity generation and focus on improving the nation’s transmission network, according to the Shenzhen Daily. Zhao Xizheng,, State Grid’s chief executive, it would need an estimated 600 billion yuan (US$1=8.27 yuan)…
CHINA: State Grid Corporation to sell off 11 power plants
Posted on September 20, 2004 by EnergyAsia