DDMA Headline Animator

Monday, December 28, 2009

S Korea bids for Turkey's nuclear power plants

South Korea is trying to ink a nuclear plant contract in Turkey following a hefty nuclear technology export deal with the United Arab Emirates (UAE), an official says.

"The government plans to push for the deal with Turkey in the first half of next year," an unnamed high-ranking foreign ministry official in Seoul was quoted Monday as saying by Yonhap News Agency.

According to the report by the South Korean News Agency, the Turkish government will propose bids for four nuclear power plants worth $20bn and the bids are expected to be called during the first six months of 2010.

Seoul has reportedly been in contact with the Turkish government on the contract for about a year, the unnamed source added.

Meanwhile, a spokesman for state utility Korea Electric Power Corp (KEPCO) told AFP that "nothing has been decided, but we plan to bid for a nuclear power plant project in Turkey."

South Korea on Sunday was awarded with the $40-billion-US-dollar deal in the UAE, which local media said provided a stepping stone to make headway into the Middle Eastern nuclear power plant market.

A consortium led by KEPCO won Sunday a contract worth about $40 billion to build four nuclear power plants in the UAE after a summit between South Korean President Lee Myung-Bak and his UAE counterpart Khalifa bin Zayed Al Nahyan in Abu Dhabi.

The consortium, which includes five other South Korean firms, Westinghouse Electric of the United States and Japan's Toshiba Corp, will build four 1,400-megawatt light water nuclear reactors by 2020.

South Korean officials and newspapers hailed the UAE order, saying it would make the country the world's sixth nation to export commercial nuclear reactors.

Source: PressTV.
Link: http://www.presstv.ir/detail.aspx?id=114804§ionid=3510213.

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