S Korea signs nuclear power cooperation treaty with S Africa

13:10, October 08, 2010      

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South Korea signed a nuclear power cooperation pact with South Africa on Friday, opening the door for South Korean firms to tap into the African nation's nuclear power plant market.

South Korea's acting foreign minister Shin Kak-soo and South Africa's energy minister Dipuo Peters signed the treaty in Seoul earlier in the day, the 24th such agreement Seoul has signed with other countries.

The treaty is reportedly designed to bolster bilateral cooperation on developing nuclear power technology, power plant construction and peaceful use of atomic power. The African country' s plan to build nuclear power reactors by 2024 fell through, but it is reportedly giving another shot at the stalled project.

South Africa's Deputy President Kgalema Motlanthe, who is also visiting Seoul along with Peters, is scheduled to pay a visit to a local atomic power plant later in the day.

South Korea, awarded last year with a major project to construct four nuclear power plants in the United Arab Emirates, has since sought to earn more such projects overseas. It now has plans lined up to build 12 reactors by 2022.

Source: Xinhua


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