The government of Tibet Autonomous Region and the State Grid
Corporation of China signed an agreement to form a power company
Saturday.
The power installation capacity of Tibet is aimed to reach 1.2
million kilowatts and power supply is expected to cover 90 percent
of Tibetan residents by 2010, according to a blueprint designed by
authorities.
The Tibet Power Corporation Ltd. will enjoy a series of
preferential policies and serve as the main channel of central
government's financial support in power construction, sources
said.
The company will help promote hydro-power development, develop
new energies, expand grid network and power supply coverage in the
region.
Meanwhile, the central government will continue to provide
policy and financial support for Tibet's power development and
promote sound, effective and well-ordered development of Tibet's
energy resources.
Other provinces, municipalities, autonomous regions and state
enterprises are also required to continue their aid work in Tibet's
power supply.
(Xinhua News Agency March 11, 2007)