ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China's power revamp rebooted as State Grid resumes spinoff plan

Stalled reform drive spurred by green energy shift and customer complaints

China's long-stalled power industry overhaul is regaining steam as the country's largest state-owned grid operator resumes efforts to downsize its mammoth business after nearly a decade of resistance that blocked further restructuring industrywide.

State Grid, the larger piece of China's power transmission duopoly and the world's biggest utility, is expected to spin off all of its equipment manufacturing operations by the end of 2021, according to a timetable unveiled by the National Development and Reform Commission (NDRC), China's top economic planner.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more