South Korea’s Korea Hydro & Nuclear Power Co. has been selected to build two multibillion-dollar reactors in the Czech Republic, positioning South Korea as a potential leading supplier of nuclear reactors in Europe. Cost-competitive, comprehensive packagesSouth Korea’s nuclear industry has been recognized for its cost-competitive and comprehensive package offerings, which include equipment, construction, fuel supply, commissioning, maintenance and financing. South Korea’s rise in the nuclear sector is built on decades of strategic development. Since acquiring technology from U.S.-based Combustion Engineering in 1987, South Korea has domestically built 28 reactors, with four more planned by 2040. The nation’s first international export was to the United Arab Emirates in 2009, a project that, despite delays and cost overruns, solidified South Korea’s export ambitions.

Source: Libya Today July 21, 2024 12:35 UTC