KEPCO said April 24 that it signed a memorandum of understanding with Vietnam National Industry-Energy Group (Petrovietnam) on April 22 at the Vietnamese presidential palace, with the two countries’ leaders present, to review the feasibility of cooperation on nuclear power plant development.
KEPCO also signed a four-party MOU with the Export-Import Bank of Korea and Korea Trade Insurance Corp. to review potential financial cooperation for a nuclear power project, strengthening the basis for funding. KEPCO said the agreement, along with an MOU signed in August last year on cooperation in training nuclear-sector personnel, is expected to help accelerate cooperation on new nuclear plant construction projects.
On April 23, Kim attended the Korea-Vietnam Business Forum and expressed KEPCO’s intent to take an active role in Vietnam’s new nuclear power and electricity infrastructure projects. “Based on KEPCO’s capabilities in nuclear power and new energy technologies, we will be Vietnam’s most reliable partner for a 100-year journey together,” he said.
At the forum, KEPCO also signed an MOU with Vietnam Electricity (EVN) on power infrastructure cooperation, aimed at expanding practical collaboration across the power grid, new energy technologies and battery energy storage systems (BESS).
Kim said the agreements would be “an important milestone” as KEPCO pursues broad cooperation with Vietnam across the power industry, including nuclear energy, and pledged to strengthen partnerships with Vietnamese power companies to deliver visible results.
* This article has been translated by AI.
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