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Korea has 'great interest' in Saudi nuclear deals

Korean minister confirms interest in building reactors in KSA.

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Korea wants to build on its success in bringing nuclear power to the UAE.
Korea wants to build on its success in bringing nuclear power to the UAE.

South Korea has offered its firmest sign yet that it will line up a bid to build nuclear reactors in Saudi Arabia, one year after winning a landmark $20bn deal in the UAE.

"We have great interest in the nuclear power plants projects in Saudi Arabia," South Korea's vice minister for trade and energy, Park Young June, told Arabian Business on the sidelines of the World Future Energy Summit in Abu Dhabi.

A South Korean consortium, led by state-run utility KEPCO, beat off highly-fancied French and US bids to win a four-reactor contract in the UAE in December 2009.

Recent months have seen increased Saudi activity on the nuclear front as the country faces up to an eight percent annual rise in energy consumption. 

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