Privatization of Electricity Distribution Sees the Light

As our readers may recall from our Autumn 2005 edition, TEDA޹ was included in the privatization program to be carried out by the Privatization Authority ("PA"), together with the "Strategy Paper on Privatization and Reform in Electricity Energy Sector" of the High Planning Council dated 17 March 2004 and numbered 2004/3 and the decision of Privatization High Council ("PHC") dated 2 April 2004 and numbered 22. According to this PHC decision, the first phase of the privatization of State-owned electricity distribution facilities was expected to be completed before November 2005 and incorporation of twenty-one regional distribution companies, determination of performance standards, target deprivation-leakage percentages, income needs and tariff applications for each and every distribution region company was planned for completion before 31 March 2005. Under this assumption, 31 December 2006 was set as the prospective completion date for privatization of all distribution