Koreans to discuss Cumbrian nuclear new build at London meeting?

Posted by Hazel Duhy on in Sector Group News, Construction, Manufacturing and Nuclear New Build.

The company behind the plans for Cumbria's £10bn nuclear new build is set to meet top executives from a Korean company interested in buying into the project, according to new reports.

A report in the Korea Herald - citing "industry sources" - has said that NuGen, which has plans for a power plant at Moorside, near Sellafield, and Korea Electic Power Corporation (Kepco), which has expressed an interest in buying into the project are set to meet at a conference in London next week.

Both Tom Samson, NuGen's chief executive, and Park Jong-hyuck, the chief nuclear officer of Kepco, are due to speak at the event, which has been organised by trade body the Nuclear Industry Association (NIA), and takes place on Wednesday.

This report said their meeting was "possibly to discuss stake acquisition in a nuclear plant" adding: "NuGen, owned by Japan’s Toshiba, is planning to sell substantial stake in a nuclear plant that will be Europe’s largest once completed, which is being eyed by Kepco."

To read more of this In-Cumbria report click here