|
28 April 2006 - Korea Hydro & Nuclear Power Co. said today that it had begun work on two new commercial nuclear reactors being built on the outskirts of Gyeongju, a city about 371 km southeast of Seoul.
The project is costing a total of 4.7tn won ($4,97bn) with each unit having a capacity of 1000 MW.
The project was given the government go-ahead last year and will be located in a site that was chosen late last year through a plebiscite as a repository for low and intermediate-level radioactive waste.
"Nuclear power is emerging again (as a major energy source) after 20 years of experiencing a global downturn due to new market conditions prompted by surging oil prices and international pacts on climate change," Commerce Minister Chung Sye-kyun said during an event to mark the groundbreaking.
"The new nuclear reactors in the city will play an important role in supplying the nation with electricity after the year 2012," Chung added.
South Korea currently operates 20 commercial nuclear reactors, with ten more to be built or designed in the next ten years. About 40 per cent of the country's electric power is generated by nuclear reactors.
| 
Articles 
| View all PennWell sites | View all PennWell events
Add RSS Feed
