Early in 2002, China distributed State electricity assets to five large electricity groups such as China Huaneng Group. Meanwhile, the country reserved 920 kW assets for electrical enterprise reforms and now these assets have increased to a capacity of over 10 million kW. These reserves were sold today.

This is the first step for electricity reforms as part of the 11th Five-Year Program, which focuses on building an electricity market system, reforming electricity prices and separating electricity transmission and distribution. You Quan, chairman of the commission, said, "Electricity assets will further enter into the market under the government's management to break monopolies and help China's economic development."

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