![]() The government assembled a committee, which in October voted 59.5% in favour of continuing construction of the two units, and KHNP resumed work on them. ![]() In mid-July the KHNP board decided to suspend construction of the two units for three months, pending public debate and government decision, despite vigorous local protests supporting construction. He added that he would reach a "social consensus" as soon as possible on whether construction of units 5&6 of the Shin Kori plant would proceed – their construction licence was issued by the Nuclear Safety and Security Commission (NSSC) in June 2016 and site works were well advanced at the time. The previous government's policy was to phase-out nuclear power over a period of 40 years. At the closing ceremony for Kori 1 in June 2017, the then president, Moon Jae-in, said he would “review the policy on nuclear power plants entirely,” and that the country would “abandon the development policy centred on nuclear power plants and exit the era of nuclear energy." He said plans for new power reactors would be cancelled and the operating periods of existing units would not be extended beyond their design lifetime. It also confirmed the target for exporting 10 nuclear power plants by 2030 as well as the development of a Korean small modular reactor (SMR). Nuclear generating capacity is expected to increase from 24.7 GW in 2022 to 28.9 GW in 2030 and to 31.7 GW in 2036. The document states that the proportion of electricity generated by nuclear energy will increase to 34.6%, reflecting the start-up of six new reactors between now and 2033 (Shin Hanul units 1-4 and Shin Kori units 5 and 6) as well as the continued operation of 12 existing reactors. The government’s 10th Electricity Plan (2022-2036) was published in January 2023 confirming the government’s plan. His administration said it plans to win 10 new nuclear power plant orders abroad by 2030, and in July it set a plan for nuclear to account for a minimum of 30% of the country's energy mix in 2030. ![]() In his campaign he rejected the policy of phasing out nuclear energy introduced by his predecessor (see below) and pledged to boost investment in the country's domestic and export industry. In March 2022 Yoon Suk-yeol was elected president of South Korea. About 85% of the country's primary energy consumption is derived from fossil fuel, and insufficient domestic resources mean that 98% of the fossil fuel consumed is imported a. South Korea is a major importer of energy. KEPCO E&C is another KEPCO subsidiary, with engineering focus, KEPCO NF makes nuclear fuel and KEPCO KPS handles maintenance. KEPCO remains a transmission and distribution monopoly, and retains the engineering capacity for new projects. The power generation part of KEPCO (98 GWe as of 2016) was then split into six entities and all the nuclear generation capacity, with a small amount of hydro, became part of the largest of these, Korea Hydro & Nuclear Power (KHNP). Set up as a government corporation, 49% of its shares are now held by public and foreign investors. Generating capacity in 2021 was 143.9 GWe, comprising 43.3 GWe natural gas, 42.9 GWe coal, 23.3 GWe nuclear, 21.3 GWe solar, 6.5 GWe hydro, 3.3 GWe oil, 1.7 GWe wind, 0.7 GWe biofuels & waste. Per capita consumption of about 11,500 kWh/yr in 2021 is up from about 900 kWh/yr in 1980.įrom 1961 until April 2001 South Korea's sole electric power utility was Korea Electric Power Company (KEPCO). Source: International Energy Agency and The World Bank. Import/export balance: no imports or exports
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