South Korea and Britain in talks over plans to build nuclear power plant

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SEOUL, May 3 (Yonhap) — South Korea’s state-owned Korea Electric Power Corp. (KEPCO) announced on Tuesday that it was in talks with Great Britain about the British project to build nuclear power plants.

Director-level officials from KEPCO visited Britain earlier this month and met with British officials over the plan to build the nuclear power plant, according to KEPCO.

“We would analyze its profitability and other values ​​before making a decision on participation,” a KEPCO official said.

The Daily Telegraph, a British newspaper, reported on Monday that British Business Secretary Kwasi Kwarteng had met with KEPCO officials to discuss South Korea’s investment in Britain’s nuclear industry.

But KEPCO officials said the recent meeting was more like a business meeting, as the planned project is still in its early stages.

Britain is seeking to bolster its energy security, as Russia’s invasion of Ukraine has impacted energy supplies in Europe. Russian state gas producer Gazprom has cut off gas supplies to Poland and Bulgaria after those countries refuse to pay for shipments in roubles.

British Prime Minister Boris Johnson wants up to eight new nuclear reactors to be built in his country by 2050 to supply up to a quarter of projected electricity demand, according to the Daily Telegraph.

In March, South Korean President-elect Yoon Suk-yeol and the British Prime Minister pledged to deepen digital, industrial and military cooperation, as well as joint efforts to denuclearize North Korea, during their talks. telephone.

Yoon pledged to abandon a nuclear exit policy and make the country a powerhouse in nuclear power generation.

In 2009, a KEPCO-led consortium won a $20 billion contract to build four nuclear reactors at Barakah, 270 kilometers west of Abu Dhabi, marking South Korea’s first export of its commercial atomic power plant.

In March, the United Arab Emirates launched commercial operations at the second unit of the Barakah nuclear power plant, built in South Korea. Barakah’s first unit began commercial operations in April 2021.


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