KHNPKorea Hydro and Nuclear Power Company, Ltd. (Seoul, South Korea)
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According to the KHNP, the three-month suspension cost about 100 billion won.
Once we receive the official documents from the government, we will notify contractors of the decision and push for the resumption of construction based on changed contract terms, which were delayed due to the temporary suspension," the KHNP said.
We will develop a detailed plan for implementing, in a timely manner, the IAEAs recommendations, KHNP Executive Vice President Mr Cheong-ro Yoon said.
In line with the South Korean government's energy policy of focusing on nuclear power generation, KHNP plans to build eight nuclear reactors in the future.
The MOU will leverage both partners strengths, including Westinghouses position in the PWR market and CE fleet operation, and KHNPs strong resources and technology presence.
KHNP is the largest among the six power generating subsidiaries in Korea that separated from Korea Electric Power Corporation (KEPCO) in April 2001, accounting for approximately 25 percent of electricity producing facilities, hydro and nuclear combined.
KHNP has formed a consortium with Daelim Industrial and Lotte Engineering and Construction and participated in the bid for the global project announced by the government body in charge of private electricity generation in January.
Enriched uranium from USEC is important to Korea Hydro & Nuclear Power because our 20 nuclear power plants supply more than 40 percent of Korea's electric power generation," said Jong-shin Kim, president & CEO of KHNP.
I strongly believe that Khmelnitsky power units #3 and #4 project will be successfully completed when Energoatom and KHNP work together with a shared goal, given that both companies have accumulated extensive experience and expertise through the continuous construction and operation of nuclear power plants over the past 40 years", said the President and CEO of KHNP Dr.
At the end of 2001, KHNP was operating 16 nuclear plants with an availability factor of 92%.
The Emirates Nuclear Energy Corporation (Enec) has signed an Operating Support Services Agreement (OSSA) with the Korea Hydro and Nuclear Power (KHNP) to secure nuclear expertise from the KHNP to support operations at the Barakah nuclear energy facility of the UAE for its first 10 years of activities.
KHNP plans to issue a tender for Shin Hanul 3 and 4, also to be APR1400s, during the second half of 2016.