China approves Shenhua, China Guodian merger to create world’s largest power company
The Shenhua-Guodian tie-up may be the first combination among reforms in China’s power industry.
The new company would have total assets of more than 1.8 trillion yuan ($271 billion) and would have the largest generating capacity in China, according to Bloomberg New Energy Finance.
It will be the world’s second-largest company by revenue and world’s largest power company by installed capacity, according to BNEF. ■