# 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%.

- Type: Acquisition
- Announced: 2018-03-05
- Where: China
- Value: $1.60B (10.0B CNY)
- Status: announced
- Capacity: 66.29 million kW in operation, 10.86 million kW under construction
- Products: power and heat generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [China Shenhua Energy](https://endata.com/companies/6686.md) (target)
- [GD Power Development Co.](https://endata.com/companies/30474.md) (acquirer)

## Sources

- [obor.nea.gov.cn](https://obor.nea.gov.cn/detail2/2258.html), 2018-03-05: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.