China to Speed Up Reform of Power Sector

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Last updated at: (Beijing Time) Wednesday, May 08, 2002

China to Speed Up Reform of Power Sector

China plans to accelerate the pace of structural reform in the power sector, in a bid to break up monopolies, improve efficiency, lower costs and optimize the use of resources.

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China plans to accelerate the pace of structural reform in the power sector, in a bid to break up monopolies, improve efficiency, lower costs and optimize the use of resources.

Xie Songlin, deputy general manager of the State Power Company, said this Wednesday at the Annual Meeting of the the Board of Governors of the Asian Development Bank (ADB).

China will separate power plants from power-supply networks, regroup state-owned property, encourage competition among different power plants, adopt a new pricing mechanism, and set up a national power regulatory committee and formulate a set of fair, rational and transparent supervisory regulations, the official said.

According to the official, the company owns 46 percent of the property in the power generation sector and 90 percent of property in the power-transmission sector.

China will establish four or five national power generation companies, each with a capacity of 30-40 million kw, which will operate independently.

After the regrouping of the power-transmission networks, China will establish a national power network company, comprising five regional network companies in northern, northeastern, northwestern, eastern and central areas.

Meanwhile, an independent south China network company will be set up to operate power transmission networks in Guangdong, Hainan, Yunnan and Guizhou provinces and the Guangxi Zhuang Autonomous Region.

Under the new pricing mechanism, power prices will be divided into four categories, which will consider the costs in power generation, transmission, distribution and sales.

The State Power Company is one of the four largest state-owned companies in China. Last year the company ranked 77th among the world's Top 500.

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