KEDO LWR project officially terminated

Seoul--(뉴스와이어)--The Korean Peninsula Energy Development Organization (KEDO) held an executive board meeting in New York, the United States on May 31, 2006 and decided on the official termination of the light water reactors (LWR) project.

The executive board meeting adopted a resolution stipulating that KEDO would yield the right to the equipment at the LWR sites to Korea Electric Power Corporation (KEPCO). In return, it will cover the fees arising from the liquidation process.

The South Korean government has endeavored for the restart of the LWR project but under the circumstances that the settlement of the North Korean nuclear issue has been postponed, it came to terminate the project through consultations with other executive member countries.

The government will hold close consultations with the KEDO executive member countries to ensure that following-up steps will be taken smoothly, in accordance with the decision made during the KEDO executive board meeting.

웹사이트: http://www.unikorea.go.kr

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