KEPCO
Compare KEPCO…Korea Electric Power Corporation, operator of the South Korean nuclear fleet (26 reactors). Delivered the UAE Barakah plant and won the $18B Czech Dukovany 5 contract.
SectorsNuclear
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KEPCOKorea Electric Power Corporation, operator of the South Korean nuclear fleet (26 reactors). Delivered the UAE Barakah plant and won the $18B Czech Dukovany 5 contract.
| Project / Customer | Country | Contract Value | Units / Design | Status | |
|---|---|---|---|---|---|
| Barakah 1-4 (Emirates Nuclear Energy Corp ENEC) | UAE | $20.4B (2009 award + cost overruns) | 4 x APR1400 | Complete: Unit 1 (2020), Unit 2 (2022), Unit 3 (2023), Unit 4 (2024); operational | |
| Dukovany 5 (CEZ) | Czech Republic | $8.6B announced July 2024 + framework for Unit 6 | 1 x APR1000 (smaller variant); Unit 6 optional | Selected July 2024; final contract signed Q3 2024; construction target 2030-2036 | |
| Slovakia (Bohunice / Jaslovske Bohunice 3+4 candidate site) | Slovakia | TBD | Up to 2 x APR1000 | Active bid + government consultations; decision expected 2025-2026 | |
| Saudi Arabia (King Abdullah City for Atomic and Renewable Energy) | Saudi Arabia | TBD (estimated $20B+ for first 2 reactors) | Up to 2 x APR1400 (KEPCO competing vs Westinghouse + Rosatom + CNNC) | Active bid; Saudi nuclear program decision target 2025-2026 | |
| Poland (small + medium reactor program) | Poland | TBD | Up to 6 x APR1000 | MoU + framework studies; Poland's primary large-reactor partner is Westinghouse, but KEPCO has secondary role | |
| UK SMR competition (lost; not selected) | United Kingdom | Not awarded | i-SMR (small variant) | UK Great British Nuclear competition: KEPCO i-SMR shortlisted but not selected in Oct 2024 down-select (winners: GEV BWRX-300, RR SMR) | |
| Editorial. Why this matters | Strategic context | KEPCO + KHNP is the marquee non-Russian non-Chinese reactor exporter globally + the most cost-competitive Western-aligned new-build option. The Barakah completion (4 reactors on time + on budget, against the standard FOAK risk) was a structural validation of the Korean industrial approach. Marquee question: does KEPCO convert Czech + Slovak + Saudi + Polish prospects into 5+ additional reactor exports by 2030, establishing Korea as the structural alternative to Russian + Chinese new-build dominance? |