South Korean firms to bid for Saudi nuclear reactors

01/11/2017 Argaam

 

South Korean firms are planning to bid for Saudi Arabia’s nuclear plant project, Noh Baek-ail, executive vice president at Korea Hydro & Nuclear Power Co (KHNP), told Reuters on Monday.

 

“Korean companies will bid as a group,” Baek-ail said, when asked whether Kepco would lead a consortium for a Saudi bid.

 

In 2009, state-run utility Korea Electric Power Corporation (KEPCO) had earlier led a consortium to build four 1,400 megawatt nuclear reactors that are being constructed at the Barakah plant to meet surging demand for electricity in the United Arab Emirates (UAE).

 

The Asian country, the world’s fifth-biggest user of nuclear power, constructs and operates its reactors through KEPCO.

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