Power supplier will seek private capital

The State Grid Corp of China, the nation's largest utility by sales, said on Tuesday it plans to seek private capital investment to establish a distributed power network and charging stations for electric vehicles. It's a step toward mixed ownership in State-monopolized industries.

But experts said the decision is less encouraging when compared with the other two giant State-owned energy companies-China Petrochemical Corp, known as Sinopec, and PetroChina Co Ltd, which opened assets for private investors in January.

State Grid representative Wang Yanfang said the company supports private capital to invest in distributed power generation connection projects, as it will develop the industry.