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Korea signs nuclear reactor MOU & LOI with Poland 2022-11-04
산업부-폴란드 국유재산부간 양해각서 및 기업간 협력의향서 체결식.jpg 1
The Ministry of Trade, Industry and Energy (MOTIE) announced on October 31 that it signed an MOU with the Polish Ministry of State Assets, and a letter of intent (LOI) was also signed between Korea Hydro & Nuclear Power (KHNP) and Poland's ZE PAK (private energy company) and PGE (state-owned public power company).
MOTIE’s Minister Lee Chang-yang stated that “this project is an achievement enabled by the Yoon administration’s policies and strong push for nuclear reactor exports.” He noted that “once the final contract is sealed, this deal will also create new jobs across the nuclear industry and stimulate the domestic nuclear power plant ecosystem,” and revealed future plans for “further bilateral cooperation in diverse areas like defense, batteries, hydrogen and electric vehicles.”
The ceremony was attended by relevant officials and representatives, Poland’s Minister of State Assets Jacek Sasin, ZE PAK Chairman Zygmunt Solorz, PGE President Wojciech Dąbrowski and KHNP President Hwang Ju-ho.