Korea Hydro & Nuclear Power Co.(KHNP) on Thursday inked a final agreement with Romania’s Societatea Nationala Nuclearelectrica (SNN) to refurbish a nuclear reactor, marking South Korea’s foray into the nuclear plant refurbishment market.It bagged the 2.8 trillion won ($1.9 billion) project in a consortium with Canada’s Candu Energy Inc.and Italy’s Ansaldo Nucleare SpA to extend the lifespan of Unit 1 reactor at the Cernavoda Nuclear Power Plant by 30 years, said KHNP.
A South Korean consortium led by KHNP was selected in July as the preferred bidder to build new nuclear reactors in the Czech Republic in a $17.1 billion deal.“We expect this order (from Romania) will diversify our nuclear exports from heavy water reactor and equipment construction to refurbishment to extend their lifespan,” said an official of the Ministry of Trade, Industry and Energy.“It will make a great contribution to restoring the domestic nuclear ecosystem,” he added.
KHNP, wholly owned by Korea Electric Power Corp.(KEPCO), will team up with KEPCO Plant Service & Engineering Co., Doosan Enerbility Co., Daewoo Engineering & Construction Co.and Samsung C&T Corp.for the 65-month project that starts in February 2025.
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