South Korea won a contract to supply the United Arab Emirates (UAE) with 4 nuclear power plants, and in doing so edged out France and a US-Japan consortium led by GE and Hitachi. South Korea presently has 20 nuclear power plants in operation and 8 under construction. The linked article from The Korea Herald provides some interesting comparisons about costs and construction times.
In US nuclear power news, there is increasing talk of government guarantees to companies constructing new nuclear power plants. "We are on track to announce the first loan guarantee soon," said Stephanie Mueller, a department (of Energy) spokeswoman.
Tuesday, December 29, 2009
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