Power sell-off off

Citing a company source, Reuters reported that State Grid Corp's new management had reversed last year's decision to hold a US$2bn sell-off of 11 plants with a total of 6,500 MW of capacity, the news agency's source reportedly saying the company now wanted to retain profitable assets and ensure power supplies in China's north. State Grid had retained Goldman Sachs and UBS to organize the sale which sparked interest from both domestic and offshore investors, including Hong Kong's CLP Holdings.