International conference “Bulgarian Nuclear Energy – National, Regional and World Energy Safety” Varna, June 2011 Nuclear Power of Korea Dr. Chun Bee-Ho Ambassador of the Republic of Korea Development of Nuclear Energy in Korea 6th Largest Nuclear Power Capacity in the World Ulchin 8 units In operation ` 20 units (17,716 MW) Wolseong 6 units ` Under construction 8 units (9,600 MW) ` Under planning Radioactive Waste Disposal Facility Kori 8 units (Under construction) 10 units (15,400 MW) Goal by 2030 (Basic Plan, 2008.8) 26% 41% of Capacity 36% 59% of Generation Yong-gwang 6 units In Operation Under Construction Development of Nuclear Reactor System 4th Phase : Gen IV 3rd Phase : Gen III+ 2nd Phase : Gen III 1st Phase : Gen II Turn-key base 600 MWe 1970s 1980s Evolutionary Standardization (KSNP) PWRs Optimization (OPR1000) - APR1400 - SMART(330MWt) 1,000 MWe 1990s 2000s 2010s 2020s Revolutionary - SFR : U recycle and waste minimization - VHTR : Hydrogen production 2030s Nuclear Power Units in Korea Korean Nuclear Industry Regulatory Body Leading Company Ministry of Education, Science & Technology Brand Power Leading Role Financing Capability Global Experience Nuclear Safety Licensing Inspection Operation & Management Design & Engineering Nuclear Fuel Maintenance & Services Equipment Manufacturing Research and Development Construction 30 years of repetitive construction fostered competitive domestic suppliers in the entire nuclear cycle 6 Nuclear Energy Policy in Korea National Nuclear Policy Basic Direction Promoting Peaceful Uses of Nuclear Energy Securing Nuclear Safety Enhancing Nuclear Transparency 4 Principles on the Peaceful Uses of Nuclear Energy (2004) No intention to develop and possess nuclear weapons Adherence to the principle of nuclear transparency Compliance with the international norms of nuclear nonproliferation Expansion of the peaceful uses of nuclear energy Korea’s Energy Mix 2007 → 2030 Renewable & etc Nuclear 2.5% 14.9% LNG 13.8% Renewable & etc 11.5% Coal 25.3% Nuclear 27.8% Oil LNG 33.0% 12.0% Oil 43.4% 2007 : 241millionTOE 27.8 % 14.9 % 2.4% ’07 Coal 15.7% 2030 : 300millionTOE 83% Oil 43.4 33.0 11% ’30 61% Coal 25.3 LNG 13.8 ’07 15.7 12.0 ’30 9 Nuclear Energy Safety Nuclear Energy after Fukushima Japan's nuclear disaster re-evaluate nuclear safety Korean government advanced stress-tests of nuclear facilities enhanced safety measures adequate to Fukushima aftermath The international energy community : “impeccable nuclear safety and emergency planning in Korea” Further development of reactor designs Safety and security of stored spent nuclear fuel withstand multiple traumas cope with system failures International Cooperation in Nuclear Energy Nuclear Projects with the United Arab Emirates • In 2009 Korean consortium awarded a $20 billion contract to build 4 nuclear power plants in the UAE Korea's first overseas nuclear order The biggest single international contract Korea has ever won Largest-ever nuclear agreement in the Middle East engineering procurement construction KEPCO nuclear fuel management maintenance support “world-class safety performance” of Korean reactors • KEXIM to lend $10 billion for the construction Structure of the Korean NPP Model APR 1400 (Advanced Pressurized Water Reactor) • No boiling in the reactor core • Possibility of a radioactive leak – Almost none • Reactor cooling - Even if there is a loss of power, reactor cooling is possible • Earthquake resistance against 7 Richter scale Cost Competitiveness of APR1400 $3,582 KHNP $3,050 $2,900 $2,900 $2,800 $2,050 Unit Construction Cost ($/kWe) USA AP1000 RUS VVER1000 JPN ABWR as of 2008 FRA EPR CAN KOR ACR1000 APR1400 Overnight EPC Cost 6.86¢ ※ Source: World Nuclear News (World Nuclear Association, 2008) 4.65¢ 3.93¢ 3.71¢ 3.17¢ Unit Generation Cost (cents/kWh) USA AP1000 RUS VVER1000 JPN ABWR FRA EPR 3.03¢ CAN KOR ACR1000 APR1400 ※ Source: Projected Costs of Generating Electricity (OECD/NEA, 2005) 15 Nuclear Security Summit in 2012 Highest-level conference in global nuclear security • Korea to host the second Nuclear Security Summit in 2012 proposed by US President Obama with unanimous support -> Korea has complied with the Nuclear Non-Proliferation Treaty -> setting an example of utilizing nuclear power for peaceful purposes -> Korean peninsula crucial significance for resolving nuclear issues. • 2012 Summit agenda broadened to include nuclear safety and radioacti ve materials in addition to nuclear security • Other key issues : security of nuclear development safety and security of radioactive materials nonproliferation • 2012 United Nations Climate Change Conference : Korea currently bidding to host opportunity to put forward a two-fold strategy for fighting climate change – through nuclear and renewable energy. Cooperation with Bulgaria Korea-Bulgaria Industrial Committee Meeting in Sofia (March 2011) Korean side proposed Nuclear Safety Training Program in Korea for Bulgarian government officials and experts transfer of know-how and profound expertise on world-class nuclear technology and nuclear safety International Nuclear Safety School (INSS) Korean government committed to share Korea’s 30 years of successful experience in nuclear safety in IAEA, 2007. - Based on the commitment, International Nuclear Safety School was established in Korean Institute of Nuclear Safety (KINS) on Jan. 2008. - KINS signed MOU with IAEA for the cooperation in education and training (E&T) programs. Over 200 foreign trainees annually are participating in E&T programs. Thank You