4 November 2002 – South Korea’s Doosan Heavy Industries and Construction Co. has agreed co-operation arrangements with British Nuclear Fuel (BNFL) Inc. in the power industry covering both the domestic and overseas markets, Doosan officials said Friday.
State-owned BNFL is the largest shareholder of nuclear power plant company Westinghouse which in early August signed contracts valued in excess of $350m with Doosan to provide components, instrumentation and control equipment and technical and engineering support services to four new nuclear power plants to be built in South Korea.
Doosan Chairman Park Yong-sung met with BNFL Chairman Hugh Collum at Inter-Continental Hotel in southern Seoul last Friday to share ideas on co-operation.
Westinghouse President Stephen Tritch and Doosan Co. President Park Yong-maan also joined the occasion.
The two companies agreed to jointly advance into the global nuclear power market, co-develop next-generation nuclear technology and expand corporate cultural exchanges.
Westinghouse supplied its first plant to the Republic of Korea in the late 1970s. Since then, we have provided equipment and technology design to 13 additional plants there