South Korea's KHNP says its consortium wins $2 billion Romania nuclear project (updated)

Hyundai Engineering & Construction Co

19/12/2024 08:52

(Adds project start date, consortium details)
       SEOUL, Dec 19 (Reuters) - South Korea's nuclear power
plant operator Korea Hydro & Nuclear Power (KHNP) said on
Thursday its consortium had won a project worth about 1.9
billion euros ($2 billion) to refurbish a nuclear power plant in
Romania. 
    KHNP said in a statement it had signed the contract to
refurbish Cernavoda Nuclear Power Plant's Unit 1, which aims to
ensure the operation of the unit for another lifecycle. 
    The consortium which will start work in February 2025,
consists of the original supplier of the unit's reactor
technology, Candu Energy, Ansaldo Nucleare S.p.A, as well as
KHNP, which will oversee the execution including replacement of
major components and construction of infrastructure such as a
radioactive waste storage facility. 
    KHNP's share of the project will be about 840 million euros.
    It will work with South Korean firms such as Doosan
Enerbility  034020.KS , Hyundai E&C  000720.KS , and Samsung C&T
 028260.KS  to carry out the contract, KHNP said. 
    ($1 = 0.9617 euros)

 (Reporting by Joyce Lee
Editing by Peter Graff and Mark Potter)
 ((joyce.lee@tr.com;))