KEPCO selected as preferred bidder for nuclear plant in UK

British Government Signs A Deal For New Nuclear Power Plant

British Government Signs A Deal For New Nuclear Power Plant

An announcement naming Korean conglomerate Kepco as the preferred bidder for the Moorside nuclear power plant project and noting that the company is expected to purchase developer NuGen from Toshiba, is expected later this week, the Korea Herald reported Tuesday. KEPCO had been negotiating with Toshiba to buy a stake in Britain's NuGen nuclear project in Moorside, northwest England, for months. Toshiba has been suffering financially due to losses in its US nuclear business, Westinghouse earlier this year, forcing it to withdraw from the overseas nuclear business. But KEPCO's successful performance in the United Arab Emirates, along with China's poor cyber-security record, helped it beat China General Nuclear.

Negotiations are expected to continue over the next few months, and a deal is set to be signed in the first half of next year if all goes to plan. A KEPCO spokesman said the company had yet to get a nuclear design approval from the British government, known as a generic design assessment (GDA), to use its own nuclear reactor design.

Marcelo Grioni no continuará en Real Garcilaso para el 2018
El destino de Marcio Valverde tras su reciente desvinculación de Real Garcilaso estaría en Alianza Lima . Su buena labor no ha pasado desapercibida y puede ser el momento que llegue un salto en su carrera.

If the deal is secured, Korea's largest utility provider will lead the nuclear power plant project worth some $18 billion. KEPCO's win occurs as South Korea, the world's fifth-biggest nuclear power user, plans to lower its dependence on nuclear power at home mainly due to safety concerns, while continuing its nuclear export drive overseas. Park Hee-jun, Arirang News.

A recent report found that the UK's civil nuclear sector contributed £6.4bn to the economy previous year.

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