S Korea to become major nuclear power plant exporter by 2030: gov't

15:12, January 13, 2010      

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South Korea plans to become one of the world's top three nuclear power plant exporters in twenty years, a drive boosted by a major plant deal the country recently sealed with the United Arab Emirates (UAE), the government said Wednesday.

The country plans to sell 10 atomic power plants by 2012 and 80 plants by 2030, which would account for 20 percent of the planned construction of power plants around the world, Seoul's Ministry of Knowledge Economy said.

The ambitious blueprint comes after the country was awarded with a contract worth 40 billion U.S. dollars to build four nuclear power plants in the UAE, which has boosted the country's hope that the first such major export would serve as a momentum that would kick start similar export deals down the road.

Under the plan, the country will continue government-level efforts to strike plant deals designed to meet specific needs of different countries, and further secure independent technology to raise global competitiveness while nurturing experts, according to the ministry.

The plan, if carried out by 2030 as scheduled, is expected to create 1.56 million jobs and generate an income of 400 billion U.S. dollars, which would help solve youth unemployment and boost small-and medium-size enterprises that produce machine parts, the ministry said.

Source: Xinhua
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