The state-run Korea Hydro & Nuclear Power Co. plans to resume construction of major facilities at two unfinished reactors on Nov. 8 and complete the compensation process for its contractors by the end of next month, a report submitted to parliament showed Thursday.
The government on Tuesday confirmed its decision to restart construction of Shin Kori units 5 and 6 in the southeastern city of Ulsan after a three-month hiatus, accepting a civilian panel's recommendation of its fate.
Following the announcement, the KHNP urged 113 contractors, including Samsung C&T Corp. and Doosan Heavy Industries & Construction Corp., to immediately resume whatever work on normal facilities that does not require nuclear regulator inspections.
Officials of the Nuclear Safety and Security Commission, South Korea's state nuclear watchdog, check the construction site of Shin Kori units 5 and 6 in the southeastern city of Ulsan on Oct. 25, 2017, after the government decided to resume the suspended project. (Yonhap)Officials of the Nuclear Safety and Security Commission, South Korea's state nuclear watchdog, check the construction site of Shin Kori units 5 and 6 in the southeastern city of Ulsan on Oct. 25, 2017, after the government decided to resume the suspended project. (Yonhap)
Work on the concrete base of a reactor that acts as containment has been completed, and steel frames were being built when the construction was suspended in July for a public opinion gathering process.
In a KHNP report acquired by Rep. Kim Jung-hoon of the main opposition Liberty Korea Party, the atomic energy company will formally start construction on major facilities after getting formal approval from the Nuclear Safety and Security Commission (NSSC).
After workers removed the cover from the construction site on Wednesday, officials from the nuclear watchdog have been checking the site to see whether there is any corrosion or deformation in the steel frame and other equipment.
The reactors were about 30 percent complete before the halt with about 1.6 trillion won (US$1.4 billion) having already been spent on the project.
Earlier in the day, the KHNP held a board meeting at the headquarters in Gyeongju, located 370 kilometers southeast of Seoul, to discuss compensation measures for its contractors.
The KHNP earlier estimated the amount of compensation at about 100 billion won and decided to use its reserve fund. So far, 64 contractors have demanded the KHNP pay 96 billion won for their financial damages and expenses spent to maintain the construction site.
The company plans to carry out legal review on the plan and negotiate with its contractors to complete the compensation process, officials said. (Yonhap News)