​S. Korea approves $7bn nuclear reactor plan

The new Shin Kori No. 3 reactor of state-run utility Korea Electric Power Corp (KEPCO) is seen in Ulsan, about 410 km (255 miles) southeast of Seoul, September 3, 2013. (Reuters/Lee Jae-Won)

The new Shin Kori No. 3 reactor of state-run utility Korea Electric Power Corp (KEPCO) is seen in Ulsan, about 410 km (255 miles) southeast of Seoul, September 3, 2013. (Reuters/Lee Jae-Won)

South Korea has given a green light to a $7 billion project to build two nuclear reactors by 2020. It’s the first approval since a safety scandal that led to the shutdown of several working nuclear reactors over fake documents last year.

The construction of Shin Kori Reactor Unit 5 and Shin Kori
Reactor Unit 6 is due to be completed by December 2020, the
Ministry of Trade, Industry and Energy (MOTIE) said in a press
release, reports South Korea’s Yonhap news agency. The plan [for
construction] was approved on January 23.

The reactors (both APR-1400 Advanced Power Reactors) will be
located at Kori Nuclear Power Complex near the southeastern city
of Busan, 330km from Seoul. The generation capacity of both
reactors will be over 1.4 million kilowatts, according to MOTIE.

The approval of the government comes a few weeks after MOTIE
announced a policy change to reduce the country’s reliance on
nuclear power to 29 percent of total power supply by 2035,
instead of a planned 41 percent by 2030.

South Korea had to curb its nuclear power generation after a
‘fake documents’ scandal in May 2013, when a supply of unauthorized
‘non-core equipment’ (cooling fans, cables and switches, which
require international certification) was revealed. The parts were
supplied with fake safety certificates. As a result, Seoul had to
halt the operations of two nuclear power reactors in Kori and
Wolseong Nuclear Power Plants to replace unauthorized equipment.
In addition, the Nuclear Safety and Security Commission also
delayed the restart of operations at two other reactors that were
closed in 2012, also over forged documents. After the scandal,
six nuclear engineers and equipment suppliers were handed prison
sentences.

In recent years Asia’s fourth-largest economy has seen several
shutdowns of its reactors due to various reasons.

Early Wednesday morning the 1,000-megawatt Reactor Unit 5 at the
Hanul Nuclear Power Plant in western Uljin County halted
operations after a warning signal came on, according to Korea
Hydro & Nuclear Power Co (KHNP) officials.

It’s not the first time this exact reactor has shut down. In
July, 2013 it ceased operating due to what the state-run operator
termed “human error.”

Wednesday’s technical glitch took the number of reactors closed
to four, increasing the risk of power shortages over winter.

The latest reactor closure adds to two others shut down for
scheduled maintenance and one awaiting an extension of its
license after its 30-year lifespan expired in November 2012,
according to the nuclear operator, which is owned by state-run
Korea Electric Power Corp (KEPCO).

South Korea, which ranks fifth globally in nuclear power
generation, has 23 nuclear reactors operated through KEPCO. The
reactors satisfy over 30 percent of the country’s total
electricity consumption and the country even plans to build 11
more by 2024.

The approval of Shin Kori-5 and -6 will also encourage South
Korea’s nuclear power industry, which still aims to export its
products into a global market which is currently largely
dominated by France, the United States and Russia.

Seoul is now attempting to emerge from the shadow of Japan’s
nuclear disaster on Fukushima Daiichi nuclear plant in March,
2011. That plant still releases substantial amounts of
radioactive materials. Only several days ago an amount of
radioactive water leaked from one of the damaged
reactors, according to operator TEPCO.

Source Article from http://rt.com/news/south-korea-nuclear-reactor-328/

Views: 0

You can leave a response, or trackback from your own site.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes