THE INVESTOR

메뉴열기
August 16, 2018

KEPCO loses preferred bidder status for UK nuclear project

PUBLISHED : August 01, 2018 - 11:16

UPDATED : August 01, 2018 - 11:16

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] Korea Electric Power Corp. has lost its preferred bidder status to buy Toshiba’s US$18 billion NuGen nuclear project in Britain, Korea’s Energy Ministry confirmed on July 31.

“We were recently informed that our preferred bidder status has been lost,” the ministry said in a statement. 




On July 30, Toshiba announced KEPCO no longer had “priority negotiation rights” over the purchase of the NuGen unit, citing repeated delays in signing the deal with the Korean utility firm that was named a preferred bidder for the talks last year.

The Japanese group said it would open the door to alternative buyers but didn’t rule out the possibility of resuming talks with KEPCO.

The Korean government and KEPCO decided to send a negotiation team to London soon.

The project in Moorside, North West England, aims to provide about 7 percent of Britain’s electricity. But the project has been delayed after Toshiba’s nuclear arm Westinghouse went bankrupt last year.

Its French joint venture partner Engie pulled out of the project and Toshiba had been searching for new investors. In December, KEPCO was named a preferred bidder, beating China General Nuclear Power in the final bidding round.

By Lee Ji-yoon (jylee@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Shin Chang Hoon
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0615|Business info
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.