South Korea pushes for nuclear exports

South Korea’s Minister of Commerce, Trade and Vitality, Lee Chang-yang, throughout a three-day go to to the Czech Republic, sought to advertise Korea’s nuclear experience hoping to win a brand new NPP challenge, his workplace mentioned. South Korea is bidding for the challenge to construct an extra reactor on the Dukovany NPP. Throughout a gathering together with his Czech counterpart, Jozef Sikela. Lee harassed the superior nuclear energy applied sciences and administration prowess South Korea had proved in setting up 4 items on the Barakah NPP within the United Arab Emirates (UAE) after it received the contract in 2009.

“A nuclear energy era challenge requires greater than a decade for building and includes operations for greater than 60 years. South Korea is a dependable accomplice by way of financial feasibility, security, and guaranteeing the development interval,” Lee mentioned.

The Czech Republic launched a young for the Dukovany challenge in March, and Korea Hydro & Nuclear Energy KHNP), US-based Westinghouse and France’s EDF have handed the safety appraisal.

Individuals need to submit preliminary bids by November.

Through the assembly, the 2 ministers additionally agreed to spice up cooperation on small modular reactors (SMRs) and hydrogen, in addition to in different key industries. South Korea’s new Yoon Suk-yeol authorities has been actively pushing to revive its nuclear power trade, reversing the previous authorities’s nuclear phase-out coverage.

Lee additionally met with Milos Vystrcil, the Czech Senate president, and defined Korea’s nuclear power coverage and know-how capabilities, requesting parliamentary cooperation to increase bilateral trade ties, in keeping with the ministry.   

On 27 June, some 400 officers from the Korean and Czech nuclear energy era sectors held a joint session throughout which they signed a complete of 10 memoranda of understanding on nuclear power and hydrogen, which concerned 9 South Korean firms and establishments and 21 Czech entities, the ministry mentioned. Following his talks within the Czech Republic Lee pays a two-day keep to Poland, which can also be planning NPP building.

Picture: Lee Chang-yang meets together with his Czech counterpart, Jozef Sikela, in a bid to advertise South Korea’s nuclear experience within the hope of profitable a contract to construct an extra reactor on the Dukovany NPP (picture courtesy of Yonhap Information)