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South Korea's KEPCO in talks to build UK nuclear plant, FT reports
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South Korea's KEPCO in talks to build UK nuclear plant, FT reports
May 11, 2024 10:50 PM

May 12 (Reuters) - South Korea's Korea Electric Power

Corp ( KEP ) is in talks with the British government

to build a nuclear power station off the coast of Wales, the

Financial Times reported on Sunday.

The state utility has held early-stage discussions with

British officials at the Wylfa site in Anglesey, the newspaper

said.

Asked for comment, a Department for Energy Security and Net

Zero spokesperson said Andrew Bowie, Britain's minister for

nuclear and renewables, would meet KEPCO in London in the coming

week without specifying the purpose.

"We are already making progress on our nuclear revival,

securing two sites to host new projects," the spokesperson said

in an emailed statement. "Wylfa has excellent potential and we

welcome the interest of all parties who are looking to invest in

UK nuclear projects."

KEPCO could not immediately be reached for comment.

The newspaper quoted a British government official as saying

the talks were in early stages and that Energy Minister Claire

Coutinho would "very much welcome all interest" in nuclear

investment.

The public body built to deliver the targets, Great British

Nuclear, said in April it is buying land for nuclear development

from Hitachi ( HTHIF ) at Wylfa in Ynys Mon/Anglesey and

Oldbury-on-Severn in Gloucestershire.

Japan's Hitachi ( HTHIF ) scrapped plans to build a nuclear power

plant at the Wylfa site in 2020 after it failed to find private

investors or secure sufficient government support for the

project.

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