Bruce Power, Korea Hydro And Nuclear Power Sign Cooperation Agreement

Canadian conglomerate Bruce Power said Thursday it had entered into an agreement with Korea Hydro and Nuclear Power (KHNP) that will have the companies continuing to work together on areas of nuclear safety, operational performance and execution of large projects such as refurbishment.

Bruce PowerThe agreement between the two companies was signed in Seoul as part of a nuclear Trade Mission to South Korea being led by the nuclear industry and Ontario government.

“KHNP and Bruce Power have experience with the refurbishment of CANDU nuclear reactors and a range of life extension and investment activities that will continue for many years to come as these CANDU units play an important role in meeting the electricity needs in both jurisdictions,” said Seung-Chul Lee, KHNP vice president of technology policy and strategy department in a statement.

Bruce Power and KHNP have developed a range of lessons learned and strengths through their operation of CANDU reactors and are committed to building a long-term relationship to enhance the co-operation between the two organizations, the companies said.

The two organizations currently share best practices and information through a range of industry forums including the CANDU Owners Group and the World Association of Nuclear Operators (WANO). Bruce Power and KHNP will work to complete a Technical Assistance Agreement by the end of 2015 that will provide a long-term framework for sharing in key areas of CANDU operations and refurbishment activities.

The objectives of the agreement include sharing “information and future strategies related to the operations and successful refurbishment of CANDU units,” according to the statement.

The companies represent considerable status in the industry. KHNP is the largest power generation company and leads nuclear industry fleet in the Republic of Korea, operating and constructing nuclear power plants and hydro power plants. The company operates 23 nuclear power units with five more under construction.

Meanwhile, Bruce Power operates the world’s largest operating nuclear generating facility and is the source of roughly 30 per cent of Ontario’s electricity.

Nuclear power, by coincidence, makes up approximately 30 percent of South Korea's electricity generation.

The companies also have a considerable history of working together. Out of the 23 KHNP operational units, four are CANDU-6 reactors at the Wolsong Nuclear Power Site.

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