State Grid Corp sees greater role for social capital

State Grid Corp of China, the world's largest electricity utility company, announced on Tuesday that it would engage social capital in the construction of and investment in ultra-high-voltage (UHV) power transmission projects, among a number of other measures to accelerate mixed-ownership reform.

"State Grid will proactively engage insurance companies, large-scale industrial funds, and State-owned investment platforms in regions covered by UHV programs to take part in the programs," said Yang Xinfa, director of the company's reform office.

"Together we will invest in and operate new UHV direct current projects through establishing joint ventures, to promote the development of power grids and share the fruits of reform."