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The private sector and power generation in China (Inglês)

This paper discusses issues and problems related to private sector involvement in China's power section in two parts. The first part consists of a summary of the conference held in Beijing June 22-23, 1999. It stresses that, despite the problems encountered and the impact of the Asian economic and financial crisis, China's power sector remains attractive to investors because of its size, growth potential, and the improving business and regulatory environments. The discussion highlighted the need for more transparency in the approval proves as well as improving creditworthiness of power offtakers. The second part, a paper on private power development in China, assesses the current status and future prospects of private sector involvement in China's power sector. It outlines the key characteristics and indicates some future developments for the different forms of private sector participation that have emerged and developed since the early 1980s. It finally provides a review of some concerns voiced by investors and a preliminary assessment of their impact on future investments.




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