Power price reform

    CHINA is further expanding a pilot scheme that gives local authorities more control over electricity transmission and distribution prices.

    The government will allow 12 provinces and municipalities to join the scheme, the National Development and Reform Commission said yesterday. That brings the total number of provinces and other locally administered regions under the scheme to 18.

    Wind farm deal

    CHINA’S State-owned utility State Power Investment Corp. has signed an agreement with Banco Santander to acquire its Australian Taralga Wind Farm Pty Ltd. for an enterprise value of about A$300 million (US$227 million), sources said.

    The acquisition will close in around six to eight weeks.