Korea Hydro and Nuclear Power (KHNP) will carry out a feasibility study on building a new nuclear reactor in the Netherlands.
There is currently only one nuclear power plant in the country. Its Borssele plant was built in the 1970s, and was due to be decommissioned in 2033.
Last year, the Netherlands announced plans to build two reactors by 2035, taking nuclear’s share of generating capacity to 13% from 3% now (see further reading).
This week, KHNP signed a memorandum of understanding with the Netherlands’ Economic Affairs and Climate Policy Ministry on the feasibility study.
It was one of 19 cooperation agreements reached during a business forum held between the two countries.
The forum, the first of its kind, accompanied a state visit to the Hague by Korean president Yoon Suk Yeol. It was attended by 200 representatives and covered a range of industries, including mobility, agriculture, and semiconductors as well as energy.
Korea’s Ministry of Trade, Industry and Energy said South Korea would officially participate in bids for nuclear power plants, newspaper The Korean Times reports.
According to the newspaper, the ministry said: “We have agreed to cooperate in the entire cycle of the nuclear power sector, including construction and operation of nuclear power plants, supply of equipment, development of technology such as small modular reactors, education and training, fuel and safety and to establish a joint operation committee between the two governments to build a mutually beneficial partnership.”