Seoul to build N-plant
NZPA-Reuter Seoul South Korea has decided to build a nuclear fuel processing plant with foreign interests, the Energy and Resources Ministry said yesterday. The S76M project was scheduled to be. completed by 1988, Ministry officials said. The plant would be capable of annually processing 200 tonnes of imported enriched uranium into rods for use in nuclear power plants. The amount would be sufficient to meet yearly fuel requirements for 10 nuclear power plants. Officials said that the required fund would include $26 million in equity investment and another $49.6 million in loans, mostly from foreign sources.
The Korea Electric Power Corporation and the Korea Advanced Energy Research Institute will assume joint control of 51 per cent of the joint venture project, the remaining 49 per cent owned by foreign interests. The foreign partners had yet to be selected, the State-run power corporation said. Officials said that the two Korean parters would set up a control firm in May in preparation for the joint venture to be formed by 1984.
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Press, 30 April 1982, Page 6
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173Seoul to build N-plant Press, 30 April 1982, Page 6
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