https://www.bloomberg.com/news/articles/2017-08-29/china-s-1-trillion-power-industry-overhaul-is-just-starting

China’s move to create the world’s biggest power company is expected to be the first such mega-merger in the largest energy consumer.

The newly formed China Energy Investment Corp. -- a combination of Shenhua Group Corp., the nation’s largest coal miner, and China Guodian Corp., one of its top-five power generators -- may be the first of multiple consolidations, which Wood Mackenzie Ltd. estimates would include almost $1 trillion in assets.