South Korea has reaffirmed plans to phase out of nuclear energy despite rising losses at state utility firms. The ninth long-term plan envisages reducing dependence on nuclear and fossil fuels from 46.3% today to 24.8% by 2034 while expanding dependence on renewables from 15.1% to 40%. According to the plan announced by a working group under the Ministry of Trade Industry and Energy, the government plans to close all coal-fired power plants that are 30+ years old by 2034, and replace them with liquefied natural gas (LNG). It will also reduce the number of nuclear reactors to 17 by 2034 from a peak of 26 in 2024. The working group has held 51 meetings since March to draw up a basic energy supply arrangement. The latest announcement is a draft of the 2020-2034 plan.
Nuclear Engineering International 12th May 2020 read more »