Orbitec Wins New Service Contract for Korea Hydro & Nuclear Power Operation Inspection... Expanding Nuclear Power Business Area
[Asia Economy Reporter Jang Hyowon] Orbitech has succeeded in expanding its nuclear power business area by winning a new nuclear power service contract that it prepared for one and a half years.
Orbitech announced on the 18th that it had won a contract from Korea Hydro & Nuclear Power (hereinafter KHNP) for the Hanbit Unit 3 steam generator secondary side bundle internal (In-Bundle) foreign object search and removal (FOSAR) service.
This service involves inserting a micro camera into the secondary side heat transfer and bundle interior (In-Bundle) of the steam generator to remove foreign objects. The contract amount is 730 million KRW.
Orbitech operates nuclear power plant facilities and radioactive waste management businesses. It provides comprehensive radiation-related solution services including ▲radiation management ▲in-service inspection (ISI) during operation ▲treatment of low and intermediate level radioactive waste.
A company official stated, “There is an entry barrier for KHNP bidding projects as qualified suppliers must be certified in each field. To register, a rigorous screening process must be passed, and we have been preparing since 2021 by recruiting personnel, investing in equipment, and registering as a KHNP qualified supplier (Q-grade) to win this contract.”
He added, “The domestic market size for steam generator secondary side cleaning, foreign object removal, and inspection services is about 13 billion KRW annually, but only seven companies including Orbitech can participate. With this contract, we have secured a reference, which gives us an advantageous position in future bids.”
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Orbitech is actively expanding its business into new areas beyond its existing nuclear-related fields. In November last year, it additionally registered as a qualified supplier (Q-grade) for visual testing (VT) of reactor head penetration tubes, and in March, it succeeded in winning the 7th reactor upper head penetration tube VT service contract for Shin-Kori Units 1 and 2.
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