7 May 2002 – Eight new nuclear power plants are scheduled for construction in the next twelve years by a unit of South Korea’s state-run Korea Electric Power Corporation (Kepco), according to a company spokesman.
Shin Bo-kyun, the spokesman for the Korea Hydro and Nuclear Power Co, told the Reuters news agency that plants with a combined capacity of 9600 MW would be brought online by 2014.
South Korea has a long term plan to increase power generation. Demand is forecast to increase by 9 per cent this year compared to 7.6 per cent in 2001.
Shin said that four nuclear power plants with 1000 MW capacity would be built between 2008 and 2010 with the remaining four with 1400 MW capacity between 2011 and 2014. The company has decided to locate two of the plants in the south-eastern province of Kyongsan.
“We still need to conduct a further study on suitability of the site in terms of environment and so on. And we are also looking for suitable places for the other plants,” Shin said.
The company expects the construction of the eight nuclear power plants to cost about 24 trillion won ($18.69bn) in total, Shin said.
The company is expected to nearly double its nuclear power generating capacity and already has four plants under construction.