The Korean Ministry of Trade, Industry and Energy (MOTIE) announced on Sept. 10 that it has signed a memorandum of understanding (MOU) with the United Arab Emirates (UAE) on jointly making inroads into overseas nuclear power markets.
Chung Seung-il, vice minister of trade, industry and energy of Korea visited the UAE to attend the World Energy Congress (WEC), which is running from Sept. 9-12 in the Abu Dhabi National Exhibition Center (ADNEC). The MOU was signed by Chung with the attendance of VIPs including Suhail Mohammed Al Mazroui, energy minister of the UAE and Kim Jong-kap, president of Korea Electric Power Corp.
“This MOU is aimed to develop cooperation plans not only for the construction, operation and maintenance of nuclear power plants but for financing, investment, localization and human resources development,” a MOTIE official said. “It will lay the groundwork for expanding the two countries’ cooperation capability in the entire cycle of nuclear power plants to third countries’ nuclear power markets.”