South Korea’s authorities has dismissed claims from Korean opposition politicians that its bid to construct two nuclear reactors in Czechia had been underpriced and that prices would inevitably enhance as soon as work started, the Korean Herald reviews.
The opposition Democratic Celebration of Korea advised a press convention that the $18bn bid was an “unimaginable mission”, including that it will not “tolerate a scenario during which a gargantuan quantity of taxpayers’ cash could possibly be wasted”.
The controversy stems from fears that South Korea has persistently bid too low for nuclear tasks.
Final 12 months, financial consultancy Britain Remade analysed the prices of nuclear crops constructed since 2000. It discovered that South Korea’s prices per watt generated have been 50% lower than France’s, 33% lower than the US’ and 15% lower than China’s.
The row coincided with a go to to Prague by President Yoon Suk-yeol and Ahn Duk-geun, Korea’s minister for power.
Ahn advised reporters that Kepco (Korea Electrical Energy Company) had received the deal due to its “capability to finish the development on time inside funds”.
Claims ‘fully unfounded’
The president’s senior secretary for financial affairs, Park Chun-sup, was extra outspoken, calling the claims “fully unfounded faux information” and “sophistry that undermines efforts to create jobs and revitalise the economic system by rebuilding the nuclear ecosystem”.
Quite a lot of different Korean nuclear consultants defended the federal government.
Amongst them was Joo Han-gyu, president of the nation’s Atomic Power Analysis Institute.
He famous that the Czech items could be twice as costly as the 2 reactors constructed for Korea’s Hanul nuclear energy plant, which went dwell in 2022.
He stated this confirmed that Kepco was not “dumping”.
“Over the previous 45 years, now we have accrued development expertise by repeatedly constructing two nuclear crops each three years, and now we have completely established the nuclear trade ecosystem, permitting us to construct effectively,” he stated.
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