Korea Hydro & Nuclear Power Co (KHNP) has thrown its hat into the ring for a Finnish nuclear power plant project. This is the first time for the nation to make a bid in the nations that have highly advanced technologies in nuclear power generation.
KHNP said on February 1 that it has submitted a bid for construction of Olkiluoto Nuclear Power Plant Unit 4 ordered by Tesollisuuden Voima (TVO), a Finnish nuclear power generation company. It has offered to construct the APR1400 type, the same as those under construction at home and in the UAE, in a form of consortium with the nation’s major nuclear technology companies; KEPCO E&C, Doosan Heavy Industries, KEPCO Nuclear Fuel (KNF), KEPCO Plant Service & Engineering (KPS), Samsung C&T and SK E&C.
TVO has run Nuclear Plant Unit 1 and 2 since the 1970s, and it has Unit 3 currently under construction by Franch-based nuclear energy company Areva. As for Unit 4, five nuclear reactor types are now competing; three kinds of pressurized water reactors (PWR) – APR1400 (KHNP, South Korea), EPR (Areva, France) and APWR (Mitsubishi, Japan) – and two kinds of boiling water reactors (BWR) – ABWR (Toshiba, Japan) and ESBWR (GE, the US & Hitachi, Japan).
TVO is expected to select a preferred bidder after comprehensive evaluation of technological and economic factors, and then decide the final contractor.