KEPCO, PLN sign MOU on nuclear power plant: Report

Korea Electric Power Corp. (KEPCO) said Tuesday it had signed a memorandum of understanding (MOU) with Indonesian state-owned electricity firm PT PLN on the construction of the Southeast Asian country's first nuclear power plant, The Korean Overseas Information Service (KOIS) website reported.

Under the MOU, KEPCO plans to devise an overall plan for one year for the construction of the plant jointly with the Korea Hydro & Nuclear Power Co. and PT PLN. Korea Hydro & Nuclear Power operates nuclear power plants in four areas in South Korea.

Details on the planned construction of the plant, including its venue and costs, were not immediately known.

?We hope to introduce our OPR-1000 class reactor in Indonesia,? KEPCO's spokesperson Park Yong-Seong said. KEPCO has developed the OPR 1000 class reactor, which refers to an optimized power reactor with a capacity of 1,000 megawatts.

KEPCO, South Korea's power monopoly, had been building two light water reactors in North Korea until construction was suspended in 2004. (*)