CHINA

Interest in Power Station Is Sold: China has for the first time sold part of a state-owned power station to a foreign company to raise badly needed capital for its energy sector, Xinhua news agency reported. State-owned China Venturetech Investment Corp. and Goldman Sachs (Asia) paid $180 million for a 30% share of a power plant in Shandong province. The two would run the plant, which has a generating capacity of 1.2 million kilowatts, through a new corporation jointly with the power corporation of Shandong province and Shandong International Trust and Investment Corp.