Shanxi, Jiangsu to establish energy cooperation

Shanxi, China's major coal-producing province, is planning to step up energy cooperation with East China's Jiangsu province.

The coal-rich northern province is expected to transfer shares of its State-owned coal-fired power plants to enterprises in Jiangsu, according to the State-owned Assets Supervision and Administration Commission of Shanxi.

State-owned Jiangsu Guoxin Investment Group Ltd will take a major share of coal-powered power plants in the province, Shanxi SASAC said on its WeChat account recently. It is the first time that Shanxi has opened its coal-fired power sector to outside investment.