KEPCO wants more nuclear deals
Korea Electric Power Corp. CEO Kim Joong-kyum is hoping to win other large contracts to build nuclear facilities.
``KEPCO, its suppliers and partners have a strong sense of responsibility and duty so that we can secure further nuclear exports,’’ said Kim.
``We need to weed out risk factors in a preemptive fashion in order to insulate workers from any accidents and establish a culture of putting safety on the front burner.’’
With regard to quality, Kim stressed that he would improve procedures for receiving feedbacks on all work underway and spread the mindset of focusing on quality.
During the waning days of 2009, KEPCO and its Korean consortium including Hyundai Engineering & Construction and Samsung Construction & Trade won an $18.6 billion deal of setting up four nuclear reactors in the United Arab Emirates.
The Korean team beat much-favored competitors from such advanced nations in terms of nuclear business such as France and the United States.
The value of the turn-key agreement can be substantially extended in the case KEPCO takes charge of operating the facilities as has been the case in other similar situations.
KEPCO broke ground for the United Arab Emirates project midway through last year and has already achieved a significant safety milestone.
The former state monopoly has not had any accidents at its construction sites in Braka, about 270 kilometers west of Abu Dhabi, and surpassed 10 million accident-free man-hours in April.