South Korea and the United States of America, have signed a Memorandum of Understanding (MoU) on Principles Concerning Nuclear Exports and Cooperation, finalizing a provisional understanding reached in November.
The MoU provides a framework for cooperation in expanding civil nuclear power in third countries.
The MoU provides a pathway for both countries to keep up with emerging technologies in the sector.
The agreement was signed in the presence of South Korea’s Industry Minister, Ahn Duk-geun, and US Secretary of Energy Jennifer Granholm.
The MoU reaffirms the two countries’ commitment to advancing peaceful nuclear energy, enhancing energy security, tackling the climate crisis, and ensuring a safer world. The US and South Korea have a 70-year-long partnership in civil nuclear power.
The agreement is significant for South Korean nuclear exports, particularly in the context of its bid to build nuclear power units in the Czech Republic.
The MoU could pave the way for US governmental consent for the deal, making negotiations with Westinghouse more straightforward.
South Korea’s acting president, Choi Sang Mok, has expressed the country’s intention to “smoothly proceed with major cooperation projects” with the Czech Republic, including the construction of a nuclear power plant in Dukovany.
Source: https://energynewsafrica.com
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