China Power in $784 million JV with China Coal

Industrial Metals

Reuters reported that China Power International Development Limited (HSE:2380) and China Coal Energy Co Ltd (HSE:1898) will jointly operate a northern Chinese coal-fired plant.

Reuters reported that China Power International Development Limited (HSE:2380) and China Coal Energy Co Ltd (HSE:1898) will jointly operate a northern Chinese coal-fired plant.

As quoted in the market news:

As part of the deal, the venture will acquire two 600-megawatt super-critical coal-fired power generation units from China Power’s wholly-owned subsidiary.

Click here to read the full Reuters report.

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