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South Korea aims to export 80 nuclear reactors by 2030
South Korea said on Wednesday it aimed to export 80 nuclear reactors by 2030 to hold a 20 percent share of the global market, shortly after winning a landmark $40 billion nuclear power deal in the Middle East.
The government and private entities will invest a total of 400 billion won ($355.7 million) in research and development between 2011 and 2017 to improve domestic nuclear reactor technology, the government said in a statement.
Asia's fourth-largest economy also plans to acquire stakes of overseas mines to raise its self-development rates of raw materials for nuclear power, including uranium, to 25 percent by 2016 and 50 percent by 2030 from 6.7 percent this year, the statement said.
A South Korean consortium won the Middle East's biggest ever energy contract to build and operate four nuclear reactors for the United Arab Emirates, beating more favoured US and French rivals.
S Korea aims to export 80 nuclear reactors by 2030 - Rest of World - World - The Times of India
South Korea said on Wednesday it aimed to export 80 nuclear reactors by 2030 to hold a 20 percent share of the global market, shortly after winning a landmark $40 billion nuclear power deal in the Middle East.
The government and private entities will invest a total of 400 billion won ($355.7 million) in research and development between 2011 and 2017 to improve domestic nuclear reactor technology, the government said in a statement.
Asia's fourth-largest economy also plans to acquire stakes of overseas mines to raise its self-development rates of raw materials for nuclear power, including uranium, to 25 percent by 2016 and 50 percent by 2030 from 6.7 percent this year, the statement said.
A South Korean consortium won the Middle East's biggest ever energy contract to build and operate four nuclear reactors for the United Arab Emirates, beating more favoured US and French rivals.
S Korea aims to export 80 nuclear reactors by 2030 - Rest of World - World - The Times of India
