Saudi Arabia hosts South Korea-held Kepco's nuclear energy roadshow
Kepco is reportedly in line to work on Saudi's planned 2.8GW nuclear energy project
State-run Korea Electric Power Corporation (Kepco) held a nuclear energy roadshow in Saudi Arabia as the Asian country looks to increase its odds of winning a nuclear energy project in the Gulf state.
According to Seoul-based news outlet Yonhap, Kepco said that it held nuclear energy forums, business meetings, and exhibitions on 17 and 18 October in Saudi capital Riyadh, and Dammam city on the Arabian Gulf.
Senior officials from Kepco and other Korean construction companies reportedly promoted the APR1400 during the roadshow, describing it as an “advanced pressurised water nuclear reactor with a capacity of 1,400 megawatts, designed with local technology”.
The roadshow is another example of Kepco seeking to expand its nuclear energy portfolio in the Middle East.
According to reports this July, the firm said its chief executive officer, Kim Jong-kap, met with Khalid Al-Sultan, the president of Saudi Arabia’s King Abdullah City for Atomic and Renewable Energy, to convey South Korea’s strong desire to win the bid for its 2.8-gigawatt nuclear plant project.
Kepco was shortlisted for the project at the beginning of July, alongside the US, France, China, and Russia, as reported by the Korea Herald.
The news comes as Gulf states such as Saudi Arabia seek to bolster their non-oil energy capabilities.
Earlier this month, it was revealed that more than 1,500 local companies to date have been awarded contracts worth $3.8bn (AED14bn) for Abu Dhabi’s Barakah Nuclear Energy Plant, operated by Nawah Energy Company.
Firm revealed in the list included Emirates Steel, National Cement, Dubai Cable Company, National Marine Dredging Company, Western Bainoona Group, and Hilalco, as reported by Construction Week at the time.