KEPCO and KHNP Discuss Collaboration with US Westinghouse: "Establishing a Joint Working Group"

Jung Seung-il, President of Korea Electric Power Corporation (second from the left), is discussing nuclear power plant export cooperation plans with Patrick Fragman, President of Westinghouse (second from the right).
[Photo by Korea Electric Power Corporation]

[Asia Economy Sejong=Reporter Lee Jun-hyung] Korea Electric Power Corporation (KEPCO) and Korea Hydro & Nuclear Power (KHNP) are forming a joint working group with the U.S. nuclear power company Westinghouse to cooperate on nuclear power plant exports.

According to related government departments on the 9th, KEPCO and KHNP held successive meetings with the Westinghouse executive team, who visited Korea on the 8th. The Westinghouse delegation visiting Korea consisted of Patrick Fragman, President and CEO, Gavin Liu, President of the Asia region, and Kim Jeong-eun, Head of the Korea branch. KEPCO and KHNP discussed cooperation plans for jointly entering overseas nuclear power markets with the Westinghouse executives.

The meeting between KEPCO and Westinghouse took place on the 8th. KEPCO President Jeong Seung-il proposed during the meeting, "Let us develop a cooperation model for jointly entering large overseas nuclear power markets and expand cooperation in various fields."

KHNP emphasized synergy effects with Westinghouse during the meeting held that day. KHNP President Jeong Jae-hoon said, "Combining Korea's project management capabilities and technological expertise with Westinghouse's strengths will create a stronger competitiveness."

KEPCO and KHNP expect that cooperation between Korean and U.S. nuclear power companies will be activated in earnest following this meeting. Additionally, KEPCO and KHNP plan to form a joint working group or committee with Westinghouse to concretize cooperation plans for nuclear power plant exports.

Meanwhile, the Westinghouse executive team will visit Shin-Kori Units 3 and 4, which apply the Korean-designed nuclear reactor (APR-1400), and Shin-Kori Units 5 and 6, whose construction resumed under the Yoon Suk-yeol administration. Westinghouse plans to tour domestic nuclear power facilities and verify Korea's nuclear power technology.

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