Government Withdraws Designation of Yeongdeok Cheonji Nuclear Power Plant Planned Site
Completion of Deliberation and Resolution by the Power Development Project Promotion Committee
[Sejong=Asia Economy Reporter Kwon Haeyoung] On the 29th, the Ministry of Trade, Industry and Energy held the 67th Power Development Project Promotion Committee meeting and deliberated and resolved to withdraw the designation of the Yeongdeok-gun Cheonji Nuclear Power Plant planned site.
The Ministry of Trade, Industry and Energy plans to announce the withdrawal of the designation of the Yeongdeok-gun nuclear power plant planned site, which will take effect once published in the official gazette.
An official from the ministry explained, "According to the government's energy transition policy, the project operator Korea Hydro & Nuclear Power decided to terminate the project, eliminating the need to maintain the planned site designation," and added, "This was done to minimize difficulties faced by the local community and residents due to development restrictions."
The government announced the energy transition roadmap and the 8th Basic Plan for Electricity Supply and Demand in October and December 2017, respectively, which scrapped plans for new nuclear power plant construction. Korea Hydro & Nuclear Power decided to terminate the Yeongdeok Cheonji nuclear power plant project through its own board resolution in June 2018 and applied to the Ministry of Trade, Industry and Energy in July to withdraw the designation of the Cheonji nuclear power plant power development project planned site.
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An official from the ministry stated, "Prior to holding this Power Development Project Promotion Committee meeting, we collected opinions through consultations with related ministries, hearing Yeongdeok-gun’s views, and administrative notice," and added, "The committee deliberated and resolved the withdrawal of the planned site designation considering various stakeholders’ opinions and legal review."
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