(China Coal Resource, Aug 9, 2006) Thirty-eight power plants across China, with a combined capacity of 9.2 million kilowatts, will be auctioned off by early next year, the China Electricity Regulatory Commission said yesterday.
The plants have an estimated value of more than 10 billion yuan (US$1.25 billion).
The commission didn't say yesterday if foreign investors would be eligible to take part in the bidding.
';It's a disposal of state assets that is closely related to the power system reform,'; Tang Rongyao, director of the commission's administrative office, said in a statement.
The country began reforming the industry in 2002 to break up a monopoly and introduce competition to the sector to make it more market oriented.
In 2002, the monopoly State Power Corp was split into grid operators, power generators and engineering service providers
source:
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