Nawah Energy, a joint venture between Korea Electric Power Corporation (KEPCO) and the Emirates Nuclear Energy Corporation (ENEC), announced that the Unit 4 reactor of the Barakah Nuclear Energy Plant in the UAE successfully reached its first criticality on March 1.Following the acquisition of the o
On Sept. 18 (local time), a U.S. court has dismissed a lawsuit filed by U.S. nuclear power company Westinghouse to prevent Korea’s state-run nuclear power generator Korea Hydro & Nuclear Power (KHNP) from exporting its independently developed nuclear reactors.KHNP is a rival of Westinghouse. The Kor
On June 27, Korea Hydro & Nuclear Power (KHNP) signed a 260 billion won (US$197 million) contract with Romania’s SNN to build a tritium removal facility (TRF), marking the second instance of nuclear equipment export under the Yoon Suk-yeol administration. While the country’s nuclear power plant expo
The construction of the Shin Hanul 3 and 4 reactors will begin soon after its cancellation under the previous Moon Jae-in administration.The Korean Ministry of Trade, Industry and Energy held a meeting at the Sejong Government Office on June 12 to deliberate on and resolve the approval of an impleme
Samsung Electronics received a jury verdict to pay about 400 billion won in compensation in a U.S. semiconductor patent infringement lawsuit. Earlier, Korea Hydro & Nuclear Power (KHNP) was blocked from exporting Korean nuclear power plants to Eastern Europe due to a property rights infringement law
Korea Hydro & Nuclear Power (KHNP) and Westinghouse are expected to end their litigation with a U.S.-South Korea summit scheduled for this month.The litigation started in October last year with regard to the Dukovany Nuclear Power Plant in the Czech Republic. KHNP was trying to export an APR1400 rea
It has been found that the U.S. government put the brakes on Korea Hydro & Nuclear Power’s plan to build a nuclear power plant in the Czech Republic.According to industry sources, KHNP reported information to the U.S. Department of Energy on Dec. 23 last year in order to get a permit to bid. The dep
The first large-scale supply contract for nuclear power generation in Korea in about 10 years has injected strong new vitality into Korea’s nuclear power plant ecosystem. Doosan Enerbility announced on March 29 that it has signed a contract to supply the main equipment needed for Shin Hanul Units 3
Korea Hydro & Nuclear Power (KHNP) is holding a science and technology event from March 28 to 31 at the KHNP headquarters and the facilities of nuclear power-related organizations by inviting experts from countries that are operating nuclear power plants.The International Atomic Energy Agency (IAEA)
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Starting with Kori #2 (2033), 14 NPPs with a combined capacity of 12.5GW are to exceed 50 years of design life by 2050. The average useful life of NPPs in operation will rise to 30 years by 2035, a
Korea Electric Power Corp. (KEPCO) announced on Feb. 2 that its president Cheong Seung-il visited the United Kingdom for two days from Jan. 31 to Feb. 1 to meet with high-ranking officials from the U.K. government, parliament and industrial world.Cheong attended the Nuclear Week in Parliament, spons
Korea Electric Power Corp. (KEPCO) has submitted to the Turkish government a preliminary proposal for the construction of a large-scale nuclear power plant in Turkey.KEPCO president Cheong Seung-il visited Turkey on Jan. 30 and discussed its participation in the Turkish nuclear power plant project w
Shin Hanul Unit 1, the first nuclear power plant in Korea built with 100 percent localized core equipment, has started commercial operations, after a delay of more than five years from the original schedule. To mark the plant's completion, a ceremony was held in Uljin, North Gyeongsang Province,
Korea Electric Power Corp. (KEPCO) is discussing cooperation in nuclear power plant construction with Turkey.The two sides are promoting the construction of four Korean-type APR1400 nuclear power plants in the northern region of Turkey, KEPCO said on Nov. 14.The project cost is expected to exceed th
If the lawsuit against Korea Hydro & Nuclear Power (KHNP) filed by Westinghouse of the United States is prolonged, it will hurt both Korea and the United States, allowing China and Russia to dominate the global nuclear power plant market, KHNP president Hwang Ju-ho said on Dec. 8.“I am not too conce
Korea Hydro & Nuclear Power (KHNP) announced on Nov. 11 that it has begun a site assessment for a new nuclear power plant project in Poland.KHNP formed a site survey team with related companies, including KEPCO Engineering & Construction. The team visited Pątnów Nuclear Power Plant, the site of a ne
The Ministry of Trade, Industry and Energy and Korea Hydro & Nuclear Power (KHNP) had a meeting on Nov. 9 and decided to form a consortium and formulate detailed plans so that their nuclear power plant construction project in Patnow, Poland can proceed well.KHNP signed a letter of intent on Oct. 31
The Ministry of Trade, Industry and Energy of South Korea and the Ministry of State Assets of Poland signed a memorandum of understanding (MOU) on Oct. 31 regarding nuclear power plant exports from South Korea to Poland. That day, Korea Hydro & Nuclear Power (KHNP) signed a letter of intent (LOI) wi
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Hyundai E&C boasts the capability to execute multiple large NPP projects in Eastern Europe. A valuation discount (due to tepid domestic real estate market conditions) for its construction arm is
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Nuclear power returnsDuring the oil crises of the 1970s, NPPs started to be recognized as a way to resolve both high energy costs and security issues. But, following both the Three Mile Island ac