Ausgrid sale to Chinese blocked - News Summed Up

Ausgrid sale to Chinese blocked


Britain has delayed signing off on a $US24 billion ($NZ33 billion) nuclear power project, which has deeply frustrated the Chinese government. Soon after that, Morrison blocked proposed sales of the country's biggest agricultural land holding, S Kidman Co, to Chinese bidders. "That is not necessarily something you want with bidding for other big infrastructure projects," he added, noting Chinese interests have routinely bid in Australian infrastructure sales. State Grid and CKI have until August 18 to make submissions to Morrison. State Grid, China's dominant power distributor, did not immediately respond to requests seeking comment.


Source: Otago Daily Times August 11, 2016 22:07 UTC



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