Westinghouse Electric Company, a wholly owned subsidiary of BNFL, has announced that it has signed contracts valued in excess of £230 million to provide components, instrumentation and control equipment and technical and engineering support services to four new nuclear power plants to be built in the Republic of Korea.
According to a statement, the plants are Korea Standard Nuclear Plant Plus design, based on Westinghouse System 80 technology design. They have a total cumulative construction value in excess of £4 billion.
The Westinghouse contracts are with DOOSAN Heavy Industries and Construction Company, Inc, and the Korea Power Engineering Company (KOPEC).
The plants will be owned and operated by the Korea Hydro & Nuclear Power Company (KHNP), a subsidiary of Korea Electric Power Corporation.
As of the end of 2001, KHNP operated 16 nuclear power plants with an availability factor of 92%. The role of Korea Hydro & Nuclear Power Company on the new projects is overall project management of licensing, procurement and construction, as well as start-up and plant operations.
The Shin-Kori 1 and 2 plants and the Shin-Wolsong 1 and 2 plants will be located in Pusan Metropolitan City and Kyungju-City respectively. Work will begin almost immediately and will run to 2009 for Shin-Kori and 2010 for Shin-Wolsong.