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China Shenhua looks to broaden horizons

China’s largest coal miner China Shenhua Energy (HK:1088) is planning to diversify into renewable energy through a possible merger with power company China Guodian Corp.

China Shenhua looks to broaden horizons China Shenhua looks to broaden horizons China Shenhua looks to broaden horizons China Shenhua looks to broaden horizons China Shenhua looks to broaden horizons

If formed, NEIC will be China’s largest coal producer and largest wind power developer

The two state-owned companies submitted a merger proposal to the State Council on August 3 and are awaiting approval to form the National Energy Investment Corp (NEIC), which will be the largest power