It will continue to provide asset management services to support the projects as KEPCO
transitions into its ownership role.
and Sumitomo Electric are working together to achieve a low-carbon transportation future, effective energy use and a stable electricity supply as electric vehicles become widespread.
Cho's announcement on Thursday came soon after KEPCO
said it was selected as the preferred bidder of Toshiba Corp.
With British business minister Greg Clark in Seoul for talks, the status of Kepco
- Korea Electric Power Corp (Kepco
) -- as likely buyer has been enhanced this week by troubled Japanese conglomerate Toshiba Corp having to take on full ownership of the NuGen project after France's Engie backed.
Debates about fundamental reforms to KEPCO
began in the 1990s under the Kim Young-sam government.
The questioned resolutions had denied the CIR's petition to annul a judgment awarding respondent Kepco
a refund in the amount of P443,447,184 representing unutilized input VAT paid on its domestic purchases and importation of capital goods for the first and second quarters of the year 2000,' the high court said.
and Emirates Nuclear Energy Corp (ENEC) signed the deal to co-invest in the company managing and operating the UAE's Barakah nuclear power plant for the next six decades, the ministry statement said.
is Korea's public utility, with six subsidiaries under its umbrella.
Following the discovery, KEPCO
temporarily suspended the preparations to restart the reactor.
The Korea Economic Daily reported earlier, citing an unnamed KEPCO
official, that the company could make a joint bid for Urenco, together with a consortium of local energy firms, including SK Energy Co Ltd.
Under the terms of the agreement, Qatargas 3 will supply the LNG to Kepco
Kim Joong-kyum, president and chief executive of Kepco
, was quoted by Reuters as saying that talks with the UAE on a new deal for four nuclear power plants will kick off in 2013.