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South Korean firm KEPCO keen to get $20 billion by selling nuclear reactors to Saudi Arabia

Kepco is still working to land Saudi nuclear power deal,  Korea JoongAng Daily   BY LEE HO-JEONG [lee.hojeong@joongang.co.kr], 2 Nov 18, GWANGJU – The CEO of Korea Electric Power Corporation (Kepco) said it still hopes to be picked for a $20 billion nuclear power plant project in Saudi Arabia that is expected to be decided by the end of next year. …….

“We are trying to show that we are working to become Saudi’s long-term partner,” Kim said

In July Korea was put on the shortlist for the Saudi nuclear project along with the U.S., China, Japan and Russia.

The Saudi government is planning to build two nuclear power plants with a 2.8 gigawatt capacity by 2030. The country has plans to build a total of 16 nuclear power plants in the next 20 to 25 years. …….

Kim said earnings from overseas could make it easier for Kepco not to raise domestic electricity bills. ……..http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=3055054

November 5, 2018 - Posted by | marketing, Saudi Arabia, South Korea

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