State Grid hails easing of curbs

Beijing-based State Grid Corp of China said it welcomes government efforts to further ease ownership caps on the construction and operation of power grids.

Delegations from the European, American and African markets have been paying close attention to China's opening-up in the power grid sector, and the company will actively cooperate with the new rules to diversify the power grid market, it said on Friday during a news conference in Beijing.

State Grid is the country's main power supplier and runs the majority of the nation's electricity distribution networks.