China plans to merge the coal-fired power assets of its top five utility firms, cutting their combined coal-fired power capacity by up to a third by the end of 2021, according to a document seen by Reuters and four sources with knowledge of the matter. The five utilitites, which are controlled by the central government, accounted for around 44% of China’s total coal-fired power capacity at the end of 2018. The plan, initiated and overseen by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), comes amid challenging conditions for coal-fired power in China and se The five ... (full story)