China National Nuclear Power, Shenhua Group, Huadian Fuxin Energy, Zhejiang Zheneng Electric and Hebei Construction & Investment Plan to Form Joint Venture

Published: Sep 11 2017
Deal Summary

China National Nuclear Power Co Ltd, a subsidiary of China National Nuclear Corp, Shenhua Group Corporation Limited, an integrated energy company, Huadian Fuxin Energy Corporation Ltd, a power generation company, Zhejiang Zheneng Electric Power CO., Ltd, a company engaged in thermal power generation business and Hebei Construction and Investment Group, a provider of construction services, intends to form a joint venture to develop nuclear power plants.

The registered capital of the joint venture company will be CNY1,000 million (USD million). China National Nuclear Power will hold 35%, Shenhua Group Corporation will hold 30%, Huadian Fuxin Energy will hold 15%, Zhejiang Zheneng Electric Power will hold 10% and Hebei Construction & Investment will hold 10% stake in the joint venture company.

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