KEPCO Pursues Nuclear Deal with South Africa

Key Figures & Findings: Korea Electric Power Corporation (KEPCO) the largest electric utility in South Korea, responsible for the generation, transmission, and distribution of electricity is set to sign a memorandum of understanding (MOU) with South Africa's Nuclear Energy Corporation (NECSA) to export nuclear power technology. This agreement is to be backed by South Africa's Minister of Electricity Kgosientsho Ramokgopa and NECSA CEO Loyiso Tyabashe. This partnership will focus on enhancing South Africa's nuclear capabilities and fostering knowledge exchange.

Statistics & Insights: South Africa operates two reactors at Koeberg Nuclear Power Station, providing critical energy to the region. Plans to establish a new nuclear facility by 2032 aim to address the nation's ongoing power shortages.

Future Implications: If finalized, the MOU could position KEPCO as a key player in South Africa's nuclear expansion, although competition from China National Nuclear Corporation may influence the bidding process. A new facility would significantly enhance South Africa's energy capacity and resilience.

Source: News Article Insiders