Joint venture will finalise details of reactor project, licence it and create infrastructure
The government of South Korea and the King Abdullah City for Atomic and Renewable Energy in Saudi Arabia have signed an updated agreement to create a joint venture for the construction of a low-power small modular nuclear reactor in the Middle East kingdom.The revised pre-project engineering contract stipulates that Korea Hydro & Nuclear Power, the operator of all nuclear power plants in South Korea, will be the main project executor and participant in the joint venture on the South Korean side. South Korea is already building the Middle East’s first commercial power reactors at the Barakah nuclear station in the United Arab Emirates. There are four South Korean APR1400 units under construction at Barakah.
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