25 June 2002 – Electricité de France (EdF) has recently opened its Asia-Pacific headquarters in Beijing to become the largest foreign investor in China’s power sector.
The use of foreign capital is a basic policy of China’s power industry, as well as an important channel for China’s power sector to raise capital for construction. Since China introduced the opening up policy in 1978, a number of multinationals have entered China.
The company has so far invested $2.8bn in such projects as Shandong thermal power project, and Guangxi Laibin B Power Plant in China. Meanwhile, it has participated in the design or acted as technical consultant in the construction of the Dayawan, Lingao and Qingshan nuclear power stations and some other projects.