Challenge
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Nuclear power is such an important energy source that it has been called “the third energy,” enabling Korea to enjoy both energy security and low-carbon “green growth” despite the fact that it has no petroleum resources.Because safety is the ultimate priority in the construc-tion of nuclear power plants, exhaustive quality control measures must be in place all the way from the design stage, and everything, from materials and manufacturing to construction and operations, must be executed without error.
The era of nuclear power in Korea began in the 1970s, when Hyundai E&C built the Kori nuclear power plant’s Unit 1. Nine years later, the company was recognized for its advanced nuclear technologies by the American Society of Mechanical Engineers (ASME), the world’s leading authority in the field.
We have built the majority of Korea’s nuclear power plants, including the Kori nuclear power plant’s Units 1~4, the Wolseong nuclear power plant’s Units 1~2, the Yeonggwang nuclear power plant’s Units 1~6, and the Korean Peninsula Energy Development Organiza-tion’s (KEDO) nuclear power plant’s Units 1~2.
Total independence in nuclear power plant construc-tion technologies was achieved with the Yeonggwang nuclear power plant’s Units 3 and 4. By successfully executing the replacement of steam generators for the Kori nuclear power plant’s Unit 1, we have played a leading role in improving the performance of nuclear power plants.
We are currently building Units 1 and 2 of the Shinkori nuclear power plant, which are 1,000 MW-level export models, and Units 3 and 4, which are Korea’s first 1,400 MW-level facilities. By doing so, we are taking the lead in establishing the nuclear power industry as the nation’s new growth engine.
In addition, Hyundai E&C demonstrated the limitless potential of overseas exports for the Korean nuclear power plant construction industry by winning a contract to build nuclear power plants in the UAE at the end of 2009.
One of our highest priorities is to make Korea a top player in the international nuclear power plant market, which is expected to place orders for more than 400 units going forward.
