Kepco to start awarding UAE nuclear deals soon
Abu Dhabi, March 8, 2010
The Korea Electric Power Corp (Kepco) will start awarding contracts in about two months to start building the first nuclear reactor in the UAE, a senior Kepco executive said on Monday.
Kepco heads a South Korean consortium that won in December a contract worth up to $40 billion to build and operate four nuclear power plants in the emirates.
"The subcontracts will be awarded in about two months," Jun-Yeon Byun, executive vice president for Kepco's overseas business unit told reporters on the sidelines of an industry event.
The first deals would be for turbine, construction, steam generation and pipelines, he added.
The four plants that the Kepco consortium was planning to build would all be in the emirate of Abu Dhabi and on the coast, he added. – Reuters