December 6, 2017 / 9:54 AM / 3 years ago

S.Korea's KEPCO picked as preferred bidder for UK nuclear project

SEOUL, Dec 6 (Reuters) - South Korea’s state utility Korea Electric Power Corp (KEPCO) said on Wednesday that it was picked as a preferred bidder for Toshiba’s NuGen nuclear project in Britain.

KEPCO said in a statement the company plans to negotiate with Toshiba over the next few months to buy a stake in the nuclear project and sign a deal in the first half of next year if the negotiation progresses smoothly.

Reporting By Jane Chung; Editing by Tom Hogue

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