China Shenhua and GD Power to form joint venture for coal-fired power assets

China Shenhua Energy Company and GD Power Development Co. agreed to transfer their coal-fired entities and assets to form a joint venture with registered capital of 10 billion yuan (about $1.6 billion). GD Power will hold 57.47% and China Shenhua 42.53%.

“The joint venture, with a registered capital of 10 billion yuan (about 1.6 billion U.S. dollars), will focus on power and heat generation and sales.”obor.nea.gov.cn

• 1 source
• obor.nea.gov.cnBelt And Road Energy CooperationMar 5, 2018

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