The Electricity Act Article 5

The Electricity Transmission and Distribution Enterprise shall be a state-owned corporation, and no more than one shall be established with its business operations covering the entire country.An Electricity-Generating Enterprise with nuclear power generation or hydroelectricity generation exceeding 20,000 kilowatts in capacity is required to be a public corporation unless the Electricity Industry Regulatory Agency approves otherwise.The “public corporation” as prescribed in the preceding paragraph refers to a corporation fully funded by the government or a joint venture between the government and the private sector with the government’s share of investment exceeding 50% of the total capital. An enterprise receiving reinvestment by public corporations is also considered a public corporation if the reinvestment exceeds 50% of the total capital.