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Nuclear Power Plant Operations to Be Extended

The South Korean government announced on May 11 that the construction of Shin Hanul Nuclear Power Plant Units 3 and 4 would start in 2025 and an application would be made next year so that Kori Units 2 can be operated beyond its service life. In the same context, it is going to change laws and national plans so that old nuclear power plants are not retired right away.

The service life of Kori Unit 2 is until 2023 and the decision on its extended operation is expected to be made in the first half of 2025. In the case of a positive decision, the plant can remain in operation for an additional 10 years. The government is planning to repeat the process until 2027 so that the operations of a total of 10 nuclear power plants can be extended by 2030.

When it comes to the two Shin Hanul units, the government clarified that approvals would be completed and contracts would be concluded by 2024 so that the construction of both can start in the first half of 2025.

In addition, the government is going to set up task forces in 10 to 15 embassies this year in order to help South Korean nuclear power plant builders win contracts abroad. The locations of the task forces are predicted to include the Czech Republic, Poland, Saudi Arabia, the United Kingdom, the Netherlands, South Africa and Slovenia.

Source: BusinessKorea