China Combines Two State-Owned Nuclear Firms Into Powerhouse
China has given the green light for two of its largest nuclear-power firms to merge as it continues to consolidate state-owned enterprises to reduce overcapacity and improve operating efficiency.
China’s state-asset regulator on Wednesday approved the proposed merger of China National Nuclear Corp. (CNNC), the country’s largest nuclear power plant developer and operator, and China Nuclear Engineering & Construction Corp. (CNECC), which builds nuclear-power plants.
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