China’s energy companies to form power trading JV

Chinese state-owned energy companies have formed a joint venture (JV) to trade coal and electricity, as well as to invest in an electric transmission system for better connectivity in the Shanxi and Jiangsu provinces. These companies are China Coal Pingshuo Coal Company Limited, the Datong Coal Mine Group, Datang International Power Generation Company Limited, Jinneng Company Limited, Jiangsu Guoxin Investment Group Limited and the Shanxi Shentou Power Corporation. They together will invest a total of CYN 6 billion to form the JV, Sujin Energy Holding. The JV is in line with the Chinese government’s plans of streamlining its state-owned coal industry.

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