Friday, January 14, 2011

KEPCO eying stakes in uranium enrichment firms -sources

KEPCO eying stakes in uranium enrichment firms -sources


State-run utility Korea Electric Power is looking to invest in uranium-enrichment operations and natural gas reserves outside of South Korea as a way to ensure raw materials for nuclear plants, a source at the company said. "We have discussed internally that acquiring stakes in overseas uranium-enrichment facilities and securing fuel will help us win overseas power plant bids," the source said. A 1991 agreement bars South Korea from owning a uranium-enrichment facility
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