China National Nuclear Corp is to take over the country 's top nuclear power plant builder , China Nuclear Engineering & Construction ( CNEC ) , which will build a Chinese nuclear powerhouse worth nearly $ 100bn . “We expect this trend (of consolidation) to continue as Beijing continues to streamline its SOEs,” said Hayden. The takeover is the latest move by the Beijing government to force marriages within the power industry as it seeks to streamline its bloated state - owned enterprise sector and create globally competitive businesses . The new company will have 150,000 employees , Reuters calculated .
China National Nuclear Corp is to take over the country 's top nuclear power plant builder , China Nuclear Engineering & Construction ( CNEC ) , which will build a Chinese nuclear powerhouse worth nearly $ 100bn . The takeover is the latest move by the Beijing government to force marriages within the power industry as it seeks to streamline its bloated state - owned enterprise sector and create globally competitive businesses . The new company will have 150,000 employees , Reuters calculated .