South Korea offers Turkey to build 4 nuclear reactors

The Korea Electric Power Corporation (KEPCO) announced today that it has submitted a preliminary proposal to Turkey to participate in the project to build four nuclear reactors.

Rosatom, the Russian company that built Akkuyu in recent months, announced that it has started negotiations with Turkey to also build a nuclear power plant in Sinop.

According to news reported by South Korea’s Yonhap news agency, KEPCO Chairman Cheong Seung-il met with Energy Minister Fatih Dönmez yesterday. According to the statement; KEPCO submitted the proposal for the construction of four reactors capable of providing 1400 megawatts of electricity in northern Turkey.

THEY HAVE ALSO DONE IT TO THE UAE

Cheong noted that 10 APR1400 advanced technology-based nuclear reactors have been successfully built both at home and abroad, including those at the Barakah Nuclear Power Plant in the United Arab Emirates, and that South Korea is a reliable business partner.

While the two sides were negotiating on the project, which is estimated to be worth around $32.5 billion (612.3 billion TL), KEPCO was asked by the Turkish government to submit a proposal in December last year.

THE PARTIES STARTED DISCUSSIONS

KEPCO said in a statement: “The two parties began serious discussions on the project. They will do a feasibility test to find the most suitable way to carry out the project”, he said.

KEPCO’s proposal includes South Korea’s plan on how to execute the project and information on its capabilities to build nuclear power plants.

South Korea aims to export 10 nuclear power reactors by 2030 as part of its strong move to develop its nuclear power sector.