The Korea Hydro & Nuclear Power (KHNP) said Friday its board has decided to shut down the Wolsong-1 nuclear reactor in Gyeongju, North Gyeongsang Province, before the end of its lifespan and scrap all plans for building four new reactors across the country. “According to the government’s energy policy shift, we have reviewed operational plans of Wolsong reactors several times and concluded keeping the Wolsong-1 operating under strengthened safety regulations would not be economical,” KHNP CEO Chung Jae-hoon said in a press conference in Seoul. “Also, the plans for building new reactors of Cheonji-1,2 and Daejin-1,2 would be terminated in order to eradicate uncertainties in the KHNP’s management and restore smooth relations with local residents.”
Korea Times 15th June 2018 read more »
Unit 1 of the Wolsong nuclear power plant will be retired prior to the expiration of its operating licence in 2022, Korea Hydro and Nuclear Power (KHNP) announced today as it also cancelled plans for four new reactors. The move is in line with the South Korean government’s policy to phase out the use of nuclear energy. South Korea has 24 power reactors in operation with a combined generating capacity of 22,505 MWe. Together they provide about one-third of the country’s electricity. Two new reactors are currently under construction. The government has pledged to scrap new nuclear programs and not to extend the operation of existing facilities to decrease the number of reactors to 14 by 2038.
World Nuclear News 15th June 2018 read more »