Caixin
Jan 31, 2019 08:21 PM
BUSINESS & TECH

China Launches Sweeping Audit of Power Grid

Photo: VCG
Photo: VCG

China has launched the second phase of its overhaul of the country’s opaque power grid, announcing a major audit of involved companies in a bid to shed light on the true cost of electricity transmission and pass savings on to industries facing fierce economic headwinds.

The country’s top economic planner, the National Development and Reform Commission (NDRC), has ordered 34 provincial-level and five major regional power grids to submit their accounts ahead of audits and inspections that are set to commence in March, it revealed this week.

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