KEPCO Engineering & Construction teams up with Daewoo Shipbuilding & Marine Engineering for offshore floating nuclear power plant technology development collaboration

Yeom Hak-gi, Director of Power Technology at Korea Electric Power Technology (second from the left in the photo), and officials are posing for a commemorative photo. (Photo by Korea Electric Power Technology)

[Asia Economy Reporter Moon Chaeseok] Korea Electric Power Technology announced on the 24th that it exchanged a long-term cooperation memorandum of understanding (MOU) with Daewoo Shipbuilding & Marine Engineering to jointly advance marine nuclear power technology development.

The two organizations will jointly carry out marine nuclear technology development, business discovery, and projects.

KEPCO E&C has been developing the marine small modular reactor (SMR) 'BANDI-60' since 2016.

KEPCO E&C expects that the development of a marine floating nuclear power plant equipped with BANDI-60 will gain momentum through this agreement.

Yeom Hak-gi, Director of the Power Technology Institute at KEPCO E&C, said, "We expect synergy between Daewoo Shipbuilding & Marine Engineering's excellent marine floating body design and manufacturing technology and KEPCO E&C's advanced nuclear technology," adding, "We hope to continue a strategic cooperative relationship in the future based on this agreement."

The BANDI-60, a marine small modular reactor (SMR) by Korea Hydro & Nuclear Power, generating power while mounted on a floating platform. (Photo by Korea Hydro & Nuclear Power)

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