State Council nod for nuclear merger soon

Amalgamation could open doors for more overseas plant deals

The State Council is likely to give its green light for the merger of China's two nuclear giants soon, a move that could lead to sector consolidation and spur more overseas ventures, industry sources said on Thursday.

The long-standing proposal for the merger of China Power Investment Corp and State Nuclear Power Technology Corp, which was first raised in April 2014, got clearance from both companies earlier this year.