New Projects, Nuclear, Reactors

S. Korea plans two $7bn nuclear power plants

South Korea two new nuclear power plants

South Korea approved a $7 billion project to build two nuclear power plants in the country, according to Reuters.

The new nuclear plants will help South Korea’s industry during a time where public opinion is low due to the accident at the Fukushima Daiichi nuclear power plant and a scandal over parts supplied with forged documents, the article said. The republic adopted a policy that would lower its nuclear target from 41 percent of total power supply by 2030 to 29 percent of total power supply by 2035.

South Korea has 23 nuclear reactors that generate about a third of its electricity. The new power plants will have a capacity of 1,400 MW each and are expected to be completed by the end of 2020, the article said. South Korea already has five nuclear power plants currently under construction and another four planned, including one expected to be completed in July.

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