Saturday, November 6, 2021

Korean offer for the nuclear reactors may be 30 percent cheaper than French

 The president of the Korea Hydro & Nuclear Power, Jae Hoon Chung, estimated that his offer for the Polish nuclear energy program maybe 30 percent. cheaper than French. The state-owned Korean company intends to submit it by the end of March 2022.

"I believe our offer will be at least 30 percent. cheaper than the French one," the president of KNHPower told reporters on Friday. 

According to unofficial sources, the French EDF in its non-binding offer to the Polish government estimated that the construction of 4 EPR reactors would cost around EUR 33 billion, and six - EUR 48.5 billion.

He also assured that the Korean concern did not have to obtain any approvals from the United States for the export of nuclear technology, first imported from the USA 50 years ago. He pointed out that both countries - Poland and South Korea. have agreements with the US on cooperation in the field of nuclear energy.

"We do not need permission to export the technology, nor a notification, neither to Westinghouse nor to the US authorities," said Jae Hoon Chung.

The Koreans declare that their offer will include the construction of 6 APR1400 reactors in Poland. The APR1400 is a pressurized water reactor (PWR) with a 60-year life span. There are currently 10 units of the APR1400 under construction or operation.