China Creates World’s Biggest Power Group With $271B In Assets

OilPrice.com -------- China has approved the merger between its biggest coal producer Shenhua Group Corp, and one of the top five state power companies, China Guodian Corp, in a deal that would create the world’s largest power company by installed capacity and with assets worth US$271 billion (1.8 trillion Chinese yuan). China’s State-owned Assets Supervision and Administration Commission issued on Monday a one-line statement that it has approved the merger, which is part of the Chinese government’s efforts to streamline power operations and reduce the number of state-owned enterprises. To learn more click on the picture below to read the article.