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Helmet-Link Up To Create World's Largest Utility Provider By Capacity
Aug 29, 2017

The State-owned Assets Supervision and Administration Commission has approved the merger between China's largest coal miner Shenhua Group and top five State power producer China Guodian Corp on Monday, an attempt believed to form the world's largest utility provider by capacity.


The merger will likely create an energy behemoth with combined assets estimated to be in the range of 1.73 trillion yuan ($254 billion) to more than 1.8 trillion yuan.

Analysts believe the integration of the two companies' strengths and resources will benefit both side.

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