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China: Nuclear power firms to merge

By  |  February 4, 2015

China Power Investment Corp is merging with the State Nuclear Power Technology Corp, as Beijing drives consolidation its nuclear power sector.

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    The Chinese power producer currently controls about a tenth of China’s nuclear power market, while the State Nuclear Power Technology was formed in 2007 to handle nuclear technology transferred from US-based Westinghouse Electric.

    A merger between the two would create a firm with total assets of more than $96 billion.A detailed proposal on the merger has yet to be finalized.

     

    Full Content: South China Morning Post

     

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