Industries > Utilities

SGCC to attract social capital through mixed ownership reform

Xinhua Financein en.silkroad.news.cn
2018-12-27 10:27

Already collect

The State Grid Corporation of China (SGCC) announced on Tuesday that it will focus on a patch of priorities to further deepen its reform with mixed ownership reform as a top priority in a bid to attract social capital, reported the Xinhua-run Shanghai Securities News.

Those priorities include introducing social capital in ultra-high voltage direct current (UHVDC) projects, quickening the pilot incremental power distribution reform and fostering the mixed ownership reform in its electric car company, information communication industry, aviation service and financial service, to name a few.

According to the company, it will actively promote social capital to participate in its pilot incremental power distribution projects and cooperate with private capital to take part in the competition concerning these pilot projects equally.

As for UHVDC, SGCC said it will introduce social capital such as insurance, large-scale industrial funds as well as relevant investment platforms in the field, investing in and operating newly-built UHVDC projects through joint ventures to foster power grid development and share reform fruits.

Besides, SGCC should also vigorously promote high-quality development of power gird, improve related weak links and continuously optimize the power business environment, stressed the company's chairman Kou Wei at an internal meeting held on Monday. 
Add comments

Latest comments

Latest News
News Most Viewed