KEPCO in discussions with UK over nuclear power plant construction

WCN Editorial Team 4 May 2022 SOUTH AMERICA ENERGY & UTILITIES

Korea Electric Power (KEPCO) is in discussions with the UK over latter’s proposal to construct nuclear power stations, reported The Korea Times.

KEPCO officials met British officials earlier this month to talk about construction plans for nuclear power plants.

A KEPCO official was quoted by the media outlet as saying, "We will analyse its profitability and other values before making a decision on participation.”

KEPCO officials said that the proposed project is still in its early stages.

Following Russia's invasion of Ukraine, the UK is seeking to enhance its energy security and cut down its reliance on Russian energy.

British Prime Minister Boris Johnson is keen to build eight new nuclear reactors in the UK by 2050.

In March, South Korean President Yoon Suk-yeol Yoon committed for a nuclear phase-out policy and focus on nuclear power production.

In 2009, a consortium led by KEPCO secured a $20bn contract to construct four nuclear reactors in Barakah, 270km from Abu Dhabi.

This was South Korea’s first export of a locally built nuclear power plant.

In March this year, the UAE commenced commercial operation of the second unit of the Barakah nuclear power plant.

 The first unit at the plant had begun operation in April 2021.

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Image: The UK is seeking to enhance its energy security and cut down its reliance on Russian energy. . Credit: Albrecht Fietz from Pixabay.

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