2 billion project was about 35 percent complete when the KEDO
that the United States supported a decision by the end of this year to terminate KEDO
and its light-water project.
The members of the KEDO
Executive Board will convene soon and the United States believes it should then agree formally to stop work on the LWR project.
has virtually stopped operations since the current nuclear crisis erupted in October 2002 when Washington alleged that Pyongyang admitted to running a secret uranium enrichment program.
A participant in the KEDO
board meeting characterized the MOU as a positive sign from North Korea which has been demanding an early resumption of the project.
was formed in March 1995 by its major member countries, the United States, Japan and South Korea, to construct two modern reactors in Shinpo, South Hamgyong Province.
Based in New York, KEDO
was set up after the conclusion of a 1994 agreement between Pyongyang and Washington.
, a New York-based international consortium in charge of implementing a 1994 U.
Last December, KEDO
stopped fuel-oil shipments to North Korea.
5 million NZ dollars to KEDO
since 1995 and the new funds demonstrated his country's continuing support for the organization.
Japan and South Korea had called for caution in suspending the KEDO
project and dealing with the nuclear issue at the U.
We are working on wordings with the KEDO
(Korean Peninsula Energy Development Organization) Secretariat, and want to proceed with the plan of signing it as early as mid-April,'' Koreshige Anami, director general of the Foreign Ministry's Asian Affairs Bureau, said.