Beijing to Close Down All Major Coal Power Plants to Cut Pollution

Bloomberg reported that Beijing will shut down the last of its four major coal-fired power plants next year to cut down pollution.

As quoted in the market news,

The capital city will shutter China Huaneng Group Corp.’s 845-megawatt power plant in 2016, after last week closing plants owned by Guohua Electric Power Corp. and Beijing Energy Investment Holding Co., according to a statement Monday on the website of the city’s economic planning agency. A fourth major power plant, owned by China Datang Corp., was shut last year.

Click here for the full Bloomberg report