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Korea holds talks with Poland and Czech Republic on energy cooperation 2023-01-19

Trade, Industry and Energy Minister Lee Chang-yang, on the occasion of the World Economic Forum (WEF), held bilateral talks with the industry and energy Ministers of Poland and the Czech Republic on January 18 in Davos to discuss cooperation in nuclear power plants and high-tech industries.

Minister Lee met with Jacek Sasin, the Polish Deputy Prime Minister and Minister of State Assets, to discuss cooperation in nuclear power plants. Prime Minister Sasin is one of the key figures leading the two countries’ joint Pątnów nuclear power plant project.

Minister Lee shared the progress update on the Pątnów project and requested smooth progress of the feasibility study and other follow-up procedures.

He proposed that the two Governments also sign a letter of intent (LOI) in addition to the one signed by Korea Hydro & Nuclear Power (KHNP), Poland's ZE PAK (private energy company) and PGE (state-owned public power company), so that Korea and Poland can bolster their bilateral cooperation.

Minister Lee remarked that Korea has the capability to build the world’s best and most economical nuclear power plants with the least amount of time, and expressed commitment to contributing to Europe’s efforts towards achieving energy security and carbon neutral, while expanding Korea’s presence in the global nuclear power plant market to create more jobs in relevant domestic industries and invigorate their ecosystem.

 

The Minister also met with the Czech Republic’s Industry and Trade Minister Jozef Sikela to discuss cooperation in nuclear power plants and high-tech.

Minister Sikela is a key figure in the Dukovany nuclear power plant project for which KHNP has submitted its bid to participate. Minister Lee relayed how Korea’s bid proposal contains all of the country’s know-how accumulated over the last four decades of building 36 nuclear power plants, assuring Korea’s unmatched competitiveness in terms of price, quality and on-time delivery.

The two Ministers agreed to expand bilateral cooperation across multiple high-tech fronts, including hydrogen, EVs, batteries and semiconductors via joint projects and R&D.