China said to mull over three mega power firms in 5.9t yuan remix

Beijing

CHINA is considering plans to create three power giants through mergers of eight coal-fired and nuclear generators with combined assets of almost 5.9 trillion yuan (S$1.2 trillion), according to people with knowledge of the plan.

The proposal, which is only one option being considered as the government of President Xi Jinping seeks to restructure the stat…