A nuclear power plant under construction in the United Arab Emirates [Courtesy of KEPCO]
The head of Korea Electric Power Corp. (KEPCO), which produces home-made nuclear reactors, expressed a strong interest in buying into a nuclear power project involving Japan's Toshiba to build reactors in Britain.
Toshiba owns 60 percent of the joint venture named NuGen with the remainder controlled by French utility company Engie. The venture plans to build three reactors on the coast of Cumbria.
KEPCO president Cho Hwan-eik said his company is interested in taking part in the project. "We will make a quick jump into the sale of Nugen" if terms such as debt and equity are fixed through talks between Britain and Japan, he said.
Toshiba purchases US-based Westinghouse in 2006. Losses have snowballed following the 2011 Fukushima nuclear disaster.
The South Korean utility company has been involved in a $20 billion contract to build four nuclear reactors with a combined capacity of 5,600 megawatts in the United Arab Emirates.
Lim Chang-won = cwlim34@ajunews.com
reporter
Park Sae-jin
swatchsjp@ajunews.com
