Two of the largest state-run nuclear power companies in China are expected to merge, which will give the Chinese regime extra power to build and manage nuclear energy facilities in other countries.
Both companies bring a different card to the table for the merger. State Nuclear Power Technology Corp. can build modern third-generation nuclear reactors. China Power Investment Corp., meanwhile, is one of only three companies in China licensed to construct and operate nuclear power plants.
When the two companies merge, they will become a one-stop shop for anyone looking to buy, build, and operate nuclear power plants.
According to People’s Daily, the official mouthpiece of the ruling Chinese Communist Party, China’s State Council is expected to green light the merger “soon.”
It paraphrased unnamed industry sources saying the move could “spur more overseas ventures ...”
