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Two countries expected to begin feasibility study for $30bn project Russian state nuclear corportion Rosatom is building Turkey’s first nuclear station at Akkuyu. Courtesy Rosatom. South Korea’s state-run Korea Electric Power Corporation (Kepco) said on Tuesday (1 February) it had submitted a preliminary proposal to Turkey to take part in a project worth about $30bn (€27bn) to build four nuclear power plants in the European country.

Kepco chief executive officer Cheong Seung-il met Turkey's energy minister, Fatih Donmez, on Monday and presented the proposal regarding the construction of four nuclear plants at a possible in the northern part of the country, according to the company.

“The main contents of the proposal include the introduction of Kepco and Korea's excellent nuclear power plant construction capabilities, the business structure of the Turkey nuclear power plant, the construction period, and localisation,” Kepco said in a statement.

Press reports in December 2022 said Kepco was in discussions with the Turkish government to develop the four nuclear power plants.

A spokesperson at Kepco, the largest electric utility in South Korea and parent company of nuclear operator Korea Hydro and Nuclear Power, said the two countries were expected to begin a feasibility study this year, after which they could sign an agreement to build the four reactors.

Date: Friday, 03 February 2023
Original article: nucnet.org/news/south-korea-s-kepco-launches-bid-to-build-four-new-nuclear-reactors-2-4-2023

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