NEW ZEALAND
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From Times Staff and Wire Reports
Power to the Private Sector: The New Zealand government has confirmed media reports that it plans to privatize part of Trans Power, the agency that operates New Zealand’s national electricity grid. The partial selloff to the private sector is aimed at increasing competition in electricity generation, the government said. Trans Power is a subsidiary of Electricorp, the state-owned enterprise that currently enjoys a monopoly on the generation of electricity in New Zealand and owns all of its hydroelectric and thermal power stations.
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