Will the Chinese Government eventually dominate the NSW electricity transmission network?

One 26 July 2012 Nationals MP for Clarence Chris Would I Lie To You? Gulaptis told The Daily Examiner that there are no plans to sell poles and wires as part of the O’Farrell Government’s plan to fully privatize the NSW power industry.

Yet government is in the process of consolidating all poles and wires networks into a single corporation and, on 26 October last year the Premier told a Budget Estimates committee hearing that there had been no election promise to retain poles and wires in public ownership.

It cannot be clearer than this exchange from the hearing transcript; The Hon. Luke Foley: Did you not give a commitment in Lithgow that poles and wires would be retained in public ownership? Mr Barry O'Farrell: No.  

The Premier then went on to claim that he had been misquoted by Lithgow media on 28 January 2011 when one paper attributed this statement to him; We have absolutely no plans to privatise either the generators or the poles and wires.

By March 2012 the O’Farrell Government had legislation in place which would allow privatisation of state-owned power generators which is expected to bring in between $3-$4 billion in total when eventually sold.

Here on the NSW North Coast privatisation of state-owned assets is a sensitive issue given that historically such state sales are often accompanied by job losses or price hikes to consumers. One estimate is that up to two hundred jobs would be at risk in the Clarence Valley alone.

So it is with some trepidation that I read this in the Business Spectator on 31 July 2012:

The NSW Liberal government is devising a plan to attract greater foreign investment in the state's assets that will see more than $40 billion worth of infrastructure assets made available to Chinese state-owned companies, according to The Australian.

On a tour of China, NSW Liberal Premier Barry O'Farrell said that Chinese state-owned companies would be able to bid on asset sales that will be outlined in an infrastructure blueprint due in September.

Will the NSW Liberal-Nationals Coalition Government decide to offer North Coast poles and wires to the Chinese Government if it shows an interest or to sweeten a deal?