Westinghouse signs new build contracts

3 October 2002

BNFL Westinghouse has signed contracts worth over $350 million with South Korea to provide components, I&C equipment and technical and engineering support services for four new nuclear units.

The contracts have been signed with Doosan Heavy Industries & Construction and the Korea Power Engineering Company.

The two plants, Shin-Kori 1 and 2 and Shin-Wolsong 1 and 2 will be owned and operated by the Korea Hydro & Nuclear Power Company (KHNP), a subsidiary of Korea Electric Power Corporation, which currently operates Korea's 16 nuclear units. According to the new agreements, KHNP's responsibilities will include overall project management of licensing, procurement and construction, start-up and plant operations.

The units are of Korea standard nuclear plant plus design, based on the Westinghouse System 80 technology design. Shin-Kori 1 and 2 will be located in Pusan Metropolitan City and Shin-Wolsong 1 and 2 will be located in Kyungju-City. Westinghouse expects work to begin immediately and to run until 2009 for Shin-Kori and 2010 for Shin-Wolsong.

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