Saewool Nuclear Power Plant, Early Execution of 51.9 Billion KRW Construction Costs for Units 3 and 4

Korea Hydro & Nuclear Power's Saeul Nuclear Power Headquarters is accelerating the expenditure of 51.9 billion KRW for the construction of Saeul Units 3 and 4 to revitalize the management of contractors and partner companies as well as the local economy.

The Saeul Nuclear Power Headquarters announced on the 27th that, in response to the government's early fiscal expenditure policy and to secure a sustainable nuclear power industry foundation, it will expedite the payment of 51.9 billion KRW for the construction of Saeul Units 3 and 4 to contractors and partner companies from March to July.

Saeul Units 3 and 4, currently under construction as a forward base to achieve the goal of exporting 10 nuclear reactors, had a comprehensive progress rate of 86.08% as of the end of February 2023, with a large-scale national project involving up to approximately 4,000 workers daily.

Saewool Nuclear Power Plant Units 3 and 4.

In January, ahead of the Lunar New Year, Saeul Nuclear Power also expedited the payment of 12.9 billion KRW in construction fees and continues to hold win-win cooperation communication meetings to share difficulties faced by partner companies and derive improvement measures.

Jo Seok-jin, head of the Saeul Nuclear Power Headquarters, said, “We expect this to greatly help the management of contractors and partner companies who are struggling due to rising raw material prices and increased financial costs caused by high interest rates,” adding, “We will do our best to ensure the safe progress of construction for Saeul Units 3 and 4.”

This content was produced with the assistance of AI translation services.