CGN powers up for $2bn as HK Airlines takes off

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By Rashmi Kumar
04 Sep 2014

China’s CGN Power, the country’s largest nuclear power producer in terms of total installed capacity, has filed for an IPO on the Hong Kong Stock Exchange in a deal that could raise the company as much as $2bn.

CGN, or China General Nuclear, operates nine nuclear power stations with a total installed capacity of 9.4GW, according to a preliminary prospectus. These account for almost 60% of total installed nuclear power generating capacity in China, according to a report by the China Nuclear Energy Association.

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