Seoul seeks to boost nuclear activities

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Mon, Dec 28, 2009
Uranium Market News
Post by Melissa Pistilli, Uranium Reporter

UPI reports Korea looks into boosting its nuclear activities.

A South Korea-led consortium beat U.S. and French rivals and clinched a $40 billion deal to build and operate four nuclear power plants in the United Arab Emirates, in one of the world’s biggest nuclear power contracts, Seoul’s energy and industry ministry said Monday.

The deal marks South Korea’s first export of a nuclear power plant and its single largest overseas construction project in terms of value, it said. With the deal, South Korea becomes the world’s sixth exporter of nuclear power plants.

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