A monopoly by any other nameà.is still a monopoly.

China''s State Power monopoly talks a good game, but behind the rhetoric it is doing a good job facing down deregulation pressure.

Pooh Bear loved honey, and so does the State Power Corporation, which owns all the China power transmission and distribution capacity and 60% of its generating capacity.

This means that the gencos generating companies of the SPC do not need to compete in supplying power to the grid transmission and distribution companies, and that independent producers - a number of which exist albeit under the control of provincial government - tend to be frozen out, even if they are better...

To continue reading, please login or register for free

Click for more on: monopoly | nameàis | still | monopoly

Print Edition

FinanceAsia Print Edition