Six MOUs Signed Between Korean and Polish Companies in Nuclear Power Sector Following Yoon-Duda Meeting

Hyundai Engineering, Daewoo Construction Sign Agreements in MMR and Civil Engineering
Private-Led MOU with Government Support "Competitiveness Will Increase"
Successful Establishment of Poland Nuclear Power Industry... "Active Support for Inter-Company Cooperation"

On the occasion of President Yoon Suk-yeol's state visit to Poland, a total of six nuclear power cooperation MOUs (Memorandums of Understanding) will be signed between Korean and Polish companies. These MOUs, centered on the private sector, will be supported by the government to establish a cooperative environment for the Korea-Poland nuclear power project.

Choi Sang-mok, Senior Secretary for Economic Affairs to the President, told reporters at a press center set up in Warsaw on the 13th (local time), "At the business forum to be held on the 14th, nuclear-related companies such as Doosan Enerbility, Hyundai Engineering, and Daewoo Engineering & Construction are scheduled to sign six nuclear cooperation MOUs with Polish companies."

President Yoon Suk-yeol, who is on an official visit to Poland, is listening attentively to the remarks of Polish President Andrzej Duda during the joint press conference of the Korea-Poland summit held at the Presidential Palace in Warsaw on the 13th (local time).
[Photo by Yonhap News]

Looking into the details, Hyundai Engineering will sign an MOU related to the introduction and development of a micro modular reactor (MMR), a small modular reactor producing less than 10MW of power. Doosan Enerbility will sign two MOUs related to new nuclear power plant construction, and Daewoo Engineering & Construction will sign an MOU for cooperation in civil engineering for new nuclear power plant construction. The Korea Institute of Energy Technology Evaluation and Planning will also sign an MOU with the Polish National Centre for Nuclear Research on 'personnel exchange and training in the field of nuclear energy and joint research cooperation,' and BHI will sign an MOU to supply nuclear equipment for the Pomtnoof nuclear power project. Details such as the scale and duration of these MOUs will be disclosed at the 'Korea-Poland Business Forum.'

The Presidential Office expects that these MOUs in the nuclear sector will further enhance the competitiveness of Korea's nuclear industry. Since the launch of the Yoon administration, the goal has been set to export 10 nuclear reactors by 2030, and Poland, visited by President Yoon, is considered the next likely country for nuclear exports after the United Arab Emirates (UAE) and Egypt.

Poland announced its '2040 Energy Strategy' in 2021, revealing plans to build a total of six nuclear reactors by 2043. The plan is to decide on the reactor type and begin construction in 2026, with the entire project valued at around 40 trillion won. Among these, the state-owned Polish Power Company (PGE), together with the private power company ZE PAK, is promoting a plan to build 2 to 4 Korean-designed pressurized water reactors (APR1400) in the Pomtnoof region in cooperation with Korea Hydro & Nuclear Power. A Letter of Intent (LOI) for this cooperation was signed in October last year.

Senior Secretary Choi explained, "Since President Yoon took office, the relationship between Korea and Poland has expanded from traditional trade and investment to strategic areas such as defense and nuclear power. The Polish nuclear power project has been progressing smoothly according to established procedures following the signing of MOUs between business operators and governments last October." He added, "The two heads of state agree that nuclear power is the 'optimal solution' to achieve both energy security and carbon neutrality, and they have decided to actively support cooperation between companies from both countries for the successful construction of Polish nuclear power plants."

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