Hyundai E&C signs engineering deal for two nuclear reactors in Bulgaria

Quick Summary:

South Korea’s Hyundai Engineering & Construction Co.has signed a nuclear power plant design contract with Bulgaria's state nuclear power plant builder.

Hyundai E&C said in a statement on Tuesday that it signed an engineering services contract (ESC) with Kozloduy NPP-New Builds Plc (KNPP NB) for two nuclear reactors to be built at the Kozloduy nuclear complex.

Hyundai said it will begin the first-phase engineering work by year’s end and sign a formal engineering, procurement and construction (EPC) contract in the second half of 2025 with a view to commercially starting the two reactors in 2035.“We are delighted to sign this contract, which recognizes our globally recognized EPC expertise,” said CEO Yoon.

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Article Details

Category: Economy

Markets: South KoreaBulgariaMali

Topics: Hyundai Plant Nuclear Construction Kozloduy Power Units Westinghouse Reactors Contract Engineering

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 17:07:02 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 23426941

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