Business : Kepco aims to double UAE nuclear plant sales
UAE nuclear power plant sweep would also make Saudi Arabia nuclear power plant deals likely. In Saudi Arabia project, 4 are allocated to France, 4 are to the US, and 4 are to Korea, and the remaining 4 units are a open contest, so Korea could possibly build upto 8 nuclear power plants in Saudi Arabia.
Kepco aims to double UAE nuclear plant sales(Reuters)
4 April 2012
SEOUL — Korea Electric Power Corp, or Kepco said it will begin talks next year with the UAE on a new deal for four nuclear power plants, and plans to spend 800 billion won ($706.06 million) this year on overseas resources development including acquisitions.
President and chief executive Kim Joong-kyum told reporters late on Monday that Kepco would begin exclusive talks with the UAE next year to build four nuclear plants to be completed by 2021, in addition to an existing deal for four reactors, aiming to conclude negotiations by the end of next year.
UAE nuclear power plant sweep would also make Saudi Arabia nuclear power plant deals likely. In Saudi Arabia project, 4 are allocated to France, 4 are to the US, and 4 are to Korea, and the remaining 4 units are a open contest, so Korea could possibly build upto 8 nuclear power plants in Saudi Arabia.