KHNP Carves Out Nuclear
Power Niche Market in China

Signs a $15 million deal to offer technology services to GPEC in its latest feat

Korea Hydro & Nuclear Power Company (KHNP) is carving out a niche in an era of booming global nuclear power as it has won a string of deals to provide technology services to China.
KHNP President and CEO Kim Jong-shin signed an agreement on March 3 to export $15.5 million worth of technology services to China's GPEC.
The agreement calls for KHNP to dispatch 40 technology staff to assist in the construction of the third and fourth units of a nuclear power complex in Guangdong Province by GPEC by 2013. KHNP officials will be responsible for offering technology services on the construction of the CPR1000s, the same reactor used at KHNP's Ulchin Nuclear Power Complex, which is to begin operations in 2009.
The latest deal is the highest one ever for offering technology services in all areas including design and fuel. Offering technology services is considered valued added in that it does not entail additional costs, unlike the exporting of components and equipment.
It signals good prospects for KHNP's efforts to enter China, one of the world's largest nuclear power markets. It was in 1993 that KHNP entered the Chinese nuclear power market for the first time by offering support for the operation of the Guangdong nuclear units. KHNP has been recognized for its prowess in terms of the construction and operation of nuclear power units as it has participated in projects to provide technology services for the construction of the Second Qinshan Nuclear Power reactor, the Third Qinsahn Nuclear Power reactor and the Ling Ao Nuclear Power Complex.
In particular, industry experts say that the signing of the latest agreement was possible at the request of GPEC, which assessed KHNP's technology to be strong while carrying out the construction of the first systems for the Ling Ao Nuclear Power Complex together with KHNP, which offered technology services.
China recently announced a plan to build 116 nuclear units in the years to come. The electric generation technology service market for the primary systems is projected to grow to 3 trillion won.
KHNP Exports High-Level Radioactive Waste Treatment Tech to U.S.
Korea Hydro & Nuclear Power Company (KHNP) has signed an agreement on the transfer of waste treatment technology to Washington Savannah River Company (WSRC) of the United States. The deal, inked between KHNP and WSRC on March 18, followed a decision by the U.S. Department of Energy that an experiment on the vitrification for treating high-level radioactive waste water commissioned to KHNP proved to be excellent.
The vitrification process is a process for keeping such harmful substances as heavy metals and radioactive wastes in glass formations to prevent leakages into the environment on a permanent basis, as well as reducing the amount of waste by 75 percent.
The agreement involves KHNP's participation in a five-year project to construct a vitrification facility for treating high-level radioactive waste water of the WSRC in the Savannah area of South Carolina with KHNP's own technology on glass formulations.
The Nuclear Power Technology Research Institute, an affiliate of KHNP, developed the vitrification technology in 1994. KHNP is constructing a vitrification technology-related facility within the Ulchin Nuclear Power Complex.
KHNP is pulling out all the stops to post billions of dollars worth of exports by making the most of its technology. nw

KHNP President and CEO Kim Jong-shin and his GPEC counterpart hold an agreement they signed on the export of technolgy services to the Chinese side.