Will Merged Coal, Power Giants Live Happily Ever After?
A government-approved plan to merge two energy giants and create the world’s largest electric power company is winning praise from supply-side reformists but drawing concern from analysts who fear what they believe is a marriage of unequals.
The groundwork for the merger was laid last month when the State Council, China’s cabinet, sealed the tie-up between coal-mining company Shenhua Group Corp. Ltd. and power generator China Guodian Corp.
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