State Grid Corporation of China, which controls 80 percent of the country’s power grid network, is devising plans to open three business segments for private capital following the government’s reform call, Economic Information Daily reported Friday, citing unidentified authoritative sources. The three businesses are ultra-high voltage under direct current, electric car charging facilities and pumped storage power stations. The company currently only holds 400 charging stations, lagging far behind a government goal of 4,000 such stations by 2015. Meanwhile, total capacity of the country’s pumped storage power stations stood at 21.54 million kilowatts as of end-2013, compared to the government goal of 70 million kilowatts by 2020, the report said.
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