Westinghouse Electric Co. will provide nuclear equipment and technology for two new nuclear power plants to be built in the Republic of Korea, near Pusan Metropolitan City. Construction will begin almost immediately and is expected to be completed by 2014.
Westinghouse has signed contracts, in excess of $300 million, with DOOSAN Heavy Industries and Construction Company, Ltd., and the Korea Power Engineering Co., Inc., to provide components, instrumentation and control equipment, Man-Machine Interface Systems, and technical and engineering support services.
The two Advanced Pressurized Reactor 1400 (APR 1400) plants – Shin Kori 3 & 4 – will be owned and operated by the Korea Hydro & Nuclear Power Co. (KHNP), a subsidiary of Korea Electric Power Corp.
Commenting on the contracts, Westinghouse President and CEO Steve Tritch commended the Republic of Korea's leadership in the worldwide commercial nuclear power industry.
"The Republic of Korea's nuclear energy program is one of the most forward-looking programs in the world and helps to ensure South Korea's energy independence," he said. "It also confirms that nuclear power is an economically competitive and safe energy source."
The contracts will provide work at several Westinghouse locations in the U.S., including: Windsor, Conn.–project management and engineering; Newington, N.H. – component manufacturing; and Monroeville, Pa. –engineering and equipment manufacturing.