UK talks with South Korea to build nuclear plants

Bloomberg – The UK is in talks with South Korea about building nuclear power plants in Britain Helping the government triple installed capacity by 2050.

The Business Minister Kwase Kwarting met with the state-owned Korea Electric Power Corporation to discuss participation in future projectsaccording to a person familiar with the matter who requested anonymity because the conversations are private.

The discussions, first reported by the Daily Telegraph, are part of the effort Reviving a planned industrial renaissance that has stalled for more than a decade. first Minister Boris Johnson pledged to build up to eight nuclear power plants by 2050 in the Energy Security Strategy announced last month.

But achieving this will require a significant acceleration of the pace of development. Many projects have not been launched and The only new nuclear power plant being built at Hinckley PointIn the southwest of England, work will begin Until 2026.

The United Kingdom plans to create a file Big push towards renewable energyAnd Offshore wind energy in particularwith a goal Add 50 gigawatts to the current 14 gigawatts by 2050. This will require constant backup generation during dry days and the government wants low-carbon nuclear power to take over this role. This leaves a significant shortfall, with all but one of the 11 reactors located in the UK due to be closed by the end of the decade.

Electricite de France SA (EDF) It is building the new Hinkley Point plant, while the other large-scale nuclear facility that has come close to an agreement is EDF’s Sizewell C. Funding for this project is still under negotiation. Ministers want private equity for 60% of Sizewell C’s construction costs on the Suffolk Coast, with the state and EDF taking a 20% stake.

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This article was translated by Miriam Salazar

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