South Korea seeks investment in Czech nuclear power plants

temelin nuclear

PRAGUE (AP) — South Korea's president says her country would like to participate in developing the Czech Republic's nulear program.

After meeting her Czech counterpart, Milos Zeman, on Wednesday, Park Geun-hye said "we have expressed our interest."

The Czech government has approved a long-term plan to increase nuclear power production. As part of the plan, the government wants to build one more reactor at the Temelin nuclear plant and another at the Dukovany plant, with an option to build yet another reactor at each site.

Unlike some other European countries, the Czech Republic heavily relies on nuclear energy.

Major players from the United States, Russia, France and other countries are expected to bid for a lucrative Czech nuclear contract.

South Korean companies have invested more than $4 billion in the Czech Republic.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs