Korea to Build More Nuclear Power Plants

Korea Times--Korea will seek to build more nuclear power plants in an effort to expand its dependence on atomic energy for its electricity needs, according to the Ministry of Knowledge Economy on December 25, 2011.

"There is no change in the government's nuclear energy policy," Minister of Knowledge Economy Hong Suk-woo said in an interview with Korean media. "The government will increase the electricity generated by nuclear power plants to 40 percent of the country's power needs."

South Korea currently has 21 active nuclear reactors, supplying about 14 percent of the country's total energy needs. The country plans to build 11 new reactors by 2030, in addition to seven other reactors already under construction. The government will also do its utmost to secure the safety of nuclear power plants and seek safer ways of processing spent fuel in the wake of Japan's Fukushima plant crisis triggered by a devastating quake and subsequent tsunami in March, Hong said.

Hong's remarks came two days after the state-run Korea Hydro & Nuclear Power Co. (KHNP) named two possible locations for its new plants. Both sites are located some 300 kilometers from the capital Seoul.

Resource-poor South Korea has been increasingly turning to nuclear power to power its export-oriented economy. The country is the world's fourth-largest importer of crude oil.

Source: www.power.in-en.com

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