10222018Mon
Last updateFri, 19 Oct 2018 1pm

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China Creating World's Largest Power Company

“The government of President Xi Jinping approved the merger of Shenhua Group Corp., the country’s top coal miner, with China Guodian Corp., among its largest power generators, the State-owned Assets Supervision and Administration Commission said Monday. With assets of 1.8 trillion yuan ($271 billion), the new entity will be the world’s second-biggest company by revenue and largest by installed capacity,” Bloomberg is reporting.

“The new company will have installed capacity of more than 225 gigawatts, topping Electricite de France SA and Enel SpA, according to Frank Yu, an analyst at Wood Mackenzie Ltd. EDF, as the French generator is known, had net installed capacity of 137.5 gigawatts last year, according to a company presentation. Italy’s Enel had total installed capacity of 83 gigawatts as of June 30, it said.” 

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