Zhejiang Energy will no longer acquire Jinjiang Environment.

The reason is that the conditions have not been met. According to People's Daily, Zhejiang Energy has not been approved by SASAC, and there is no plan to continue the acquisition. Zhejiang Zheneng Electric Power Co., Ltd., as Zhejiang Energy Group Co., Ltd., is the overall operating platform for the main power assets, mainly focusing on thermal power generation business, supplemented by providing thermal products and investing in nuclear power.