China National Nuclear Corp is to take over the country's top nuclear power plant builder, China Nuclear Engineering & Construction (CNEC), which will create a Chinese nuclear powerhouse worth nearly $100bn. The nuclear industry is struggling with project delays and a slowdown in approvals for new domestic projects. The deal was announced on Monday by China's president, Xi Jinping, and CNEC chief Liu Yunshan. 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 create a Chinese nuclear powerhouse worth nearly $100bn. The deal was announced on Monday by China's president, Xi Jinping, and CNEC chief Liu Yunshan. The new company will have 150,000 employees, Reuters calculated.