State utility Korea Electric Power Corporation (Kepco) has agreed with US nuclear company Westinghouse to explore ways to cooperate on international nuclear power generation markets, with South Korea saying it plans to export 10 nuclear power plants by 2030.
Kepco, its subsidiary Korea Hydro & Nuclear Power (KHNP), which operates the country’s nuclear fleet, and Westinghouse aim to set up a joint working group to draw up detailed plans.
The agreement was signed in Seoul by Kepco chief executive officer Cheong Seung-il and Patrick Fragman, chief executive officer of Westinghouse.
Kepco said the aim is to “develop a cooperative model for joint entry in the overseas large nuclear power plant market and expand cooperation to various other fields”.
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