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KEPCO eyes Paks expansion

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Korea Electric Power Corporation (KEPCO), owned by the state of South Korea, is among the possible bidders in an international tender to expand the Paks Nuclear Power Plant, the National Development Ministry said after the portfolio's chief Zsuzsa Németh met with a delegation from the company in Budapest on Tuesday.

Németh told the delegation, headed by KEPCO CEO Kim Joong-kyum, that the tender was open to any company that makes pressurized water reactors.

In addition to technological and cost considerations, meeting Hungarian and European nuclear safety requirements will also be looked at in the tender, the ministry said.

The KEPCO delegation also signalled they were open to a review of possible developments and investments in Hungary's renewable energy sector.

Hungary's government established a committee at the end of May to prepare for strategic decisions related to the planned expansion of Paks. The committee is headed by Prime Minister Viktor Orbán.

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