SEOUL, May 13 (Reuters) - South Korea, which is heavily dependent on oil and gas imports, plans to add about 18 nuclear power reactors by 2030 to its existing 20 reactors to reduce its energy imports and carbon emissions.
For related ANALYSIS on South Korea’s nuclear export ambitions: [ID:nTOE64202L]
South Korea’s nuclear power profiles are as follows:
LOCAL NUCLEAR REACTORS IN OPERATION
Asia’s fourth-largest economy has been running 16 pressurised water reactors and 4 pressurised heavy water reactors since the country started nuclear power generation about 30 years ago.
Nuclear power reactors accounted for 26 percent, or 17,716 MW, of South Korea’s total power generation facilities of 68,268 MW in 2007. Nuclear accounted for 36 percent, or 142.9 billion KW/hour of total power generation of 403.1 billion KW/hour.
The world’s No.6 nuclear power generator -- after the United States, France, Japan, Russia and Germany -- has no record of nuclear accidents, and its 2008 reactor utilisation rate of 93.3 percent was the highest in the world. Globally, the average utilisation rate was 79.4 percent.
MORE LOCAL REACTORS ON THE WAY
South Korea aims to add about 18 reactors by 2030. It is building 6 nuclear power reactors with combined capacity of 6,800 MW, and preparing to construct two reactors with a combined 2,800 MW -- all to be ready by 2016.
By 2022, it plans to add 4 more with a total capacity of 5,600 MW, and another 6 by 2030.
By 2030, South Korea predicts total power generation facilities of 105,195 MW, with nuclear accounting for 41 percent, or 42,716 mega watts. Nuclear power generation will account for 59 percent, or 333.6 billion KW/hour of total power generation of 565.2 billion KW/hr by 2030.
South Korea hopes to develop nuclear reactors with 100 percent proprietary technology by 2012. Since it began nuclear power generation in 1978, wholly-based on U.S. technology, it has developed the technology to build about 95 percent of a standard nuclear power plant.
The world’s No.2 developer of the third generation of light water reactors has developed two 1,000 MW pressurised water reactors (the Optimised Power Reactor (OPR) 1000) and 1,400 MW Advanced Power Reactor (APR) 1400.
It hopes to develop APR+ by 2012 based on its own technology, and small- and medium-sized SMART reactors for export by 2011.
In December, a consortium led by Korea Electric Power Corp (KEPCO) 015760.KS won its first commercial export deal, worth up to $40 billion, to build and operate four APRs in the United Arab Emirates. [ID:nLDE5BQ05O]
Another South Korean consortium, led by Daewoo Engineering & Construction 047040.KS, and the Jordan government research agency signed a deal last March to build a research and development nuclear reactor in Jordan. [ID:nLDE62T0HE] (Sources: Korea KEPCO, Korea Hydro & Nuclear Power Co Ltd, industry and government sources) (Editing by Ian Geoghegan)
Our Standards: The Thomson Reuters Trust Principles.