Energoatom discussed the prospects for the construction of new power units with the Korean KHNP

NNEGC Energoatom informs that on September 11, a working group of the enterprise, headed by Acting President of the Company Petro Kotin and Vice Presidents held a video conference with a group of representatives of Korea Hydro & Nuclear Power (KHNP) under the leadership of Executive Vice President and Director of the Department on new nuclear power projects by Yong Su Kim.

The meeting was initiated within the Memorandum of Understanding between Ukrainian and Korean companies and in pursuance of the renewed strategy for the development of nuclear energy, the foundations of which were voiced by the President of Ukraine Volodymyr Zelenskyy during his visit to Khmelnytskyi nuclear power plant on September 9, 2020.

During the videoconference, representatives of two companies discussed the promising projects of Energoatom and, first of all, the construction of new power units at the sites of Ukrainian nuclear power plants. The Korean side expressed interest in the construction of a power unit with the APR-1400 reactor at Rivne NPP, where part of the preparatory work has already been completed to justify the site selection.

The parties also considered the composition of joint working groups in areas of cooperation. During the conference, the issues of financing and localizing the production of the main components of the reactor plant in Ukraine were discussed.

Korea Hydro & Nuclear Power Co., Ltd. is a subsidiary of Korea Electric Power Corporation (KEPCO) and the largest electric power company in the Republic of Korea, generating about 30% of the total electricity production in South Korea. KHNP operates 24 NPP power units with a total installed capacity of 23,250 MW. Also KHNP has 6 nuclear power units under construction and plans to build 4 more power units. Together with KEPCO, KHNP took part in the construction of the first Barakah nuclear power plant in the United Arab Emirates.

In August 2016, NNEGC Energoatom and Korea Hydro & Nuclear Power signed a Memorandum of Understanding in Kyiv aimed at expanding cooperation in the nuclear power industry.

Tags: The Cabinet of Ministers, contracts, NPP, NNEGC "Energoatom", legislation, electricity, NEURC, EU, ETL, electricity market, foreign affairs, KhNPP, negotiations, investments, agreement, power system balance, infrastructure, electricity transmission, ENTSO-E, IPS, nuclear power plant, power unit, The Ministry of Energy, economy, market, power grid

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