
Nuclear Safety and Security Commission approves 10-year extension for Kori units 3 and 4
South Korea's nuclear watchdog has approved a 10-year operational life extension for Kori nuclear reactors 3 and 4, allowing them to run until 2034 and 2035.
AI-generated summary
Kori units 3 and 4 had stopped power generation after 40 years of commercial use that began in 1985 and 1986.
SEOUL, Oct. 27 (Yonhap) -- The country's nuclear watchdog decided Tuesday to extend the operational life of two nuclear reactors located on the country's southeastern coast by an additional 10 years.
The approval by the Nuclear Safety and Security Commission (NSSC) came four years after the Korea Hydro & Nuclear Power Co. (KHNP), the state-run power operator, requested the agency review the restart of Kori units 3 and 4.
The two pressurized water reactors of 1,025 megawatts gross capacity had stopped power generation after 40 years of commercial use that began in 1985 and 1986, respectively. The country's nuclear watchdog had approved last year a 10-year extension for the Kori-2 light-water reactor.
The decision also came after the commission approved early this month the accident management program for the two nuclear reactors -- a document that outlines preparations, including strategies to maintain safe conditions, to prevent accidents and mitigate any fallout if a nuclear accident occurs.
Accordingly, Kori-3 will be able to operate till September 2034 and Kori-4 will run until August 2035.

Korea Hydro & Nuclear Power plans to sequentially restart Gori Units 3 and 4 in the first half of 2027 through facility improvement and maintenance following the Nuclear Safety and Security Commission's approval of the continued operation and operation change permit. Gori Unit 3 will operate until September 2034, and Unit 4 will operate until August 2035.

In line with Amkor Technology Korea's 3 trillion won investment, Jeonnam Gwangju Unified City signed a business agreement with the Korea Rural Community Corporation and the Corporate Renewable Energy Foundation to realize corporate RE100 and established a cooperative system for procurement of renewable energy.

The Nuclear Safety and Security Commission voted to permit continued operation of Units 3 and 4 of the Busan Gijang Gori Nuclear Power Plant. The lifespan has been extended by 10 years and will operate until 2034 and 2035, respectively.

The Ministry of Climate, Energy and Environment stated that allowing nuclear power purchase agreements (PPA) could lead to an increase in the average power purchase price and an increase in electricity rates. Amid concerns raised about certain companies monopolizing nuclear power, the government's cautious stance is attracting attention.

It has been revealed that Novatech, a Russian energy company subject to U.S. sanctions, is secretly funding and seeking to secure shares in the Alaska LNG development project promoted by U.S. startup Polar LNG. Controversy is expected as it is known that this issue was also mentioned during the negotiations to end the war in Ukraine.

The Finnish government has granted operating permission to Onkalo, the world's first spent nuclear fuel final disposal facility. This facility, built 400 meters underground on Eurajoki Olkiluoto Island, will permanently store high-level radioactive nuclear waste.