South Korea's Electric Power Corporation (KEPCO) has submitted a proposal to Turkey to take part in a project to build four APR-1400 nuclear reactors in the country, totalling 5.6 GW. The project is forecast to be worth about KRW40,000bn (US$32.5bn), however, the location or schedule of the project have not yet been revealed.
In December 2022, the Turkish government had asked KEPCO to submit a proposal following preliminary talks. The submitted proposal includes South Korea's plan on how to carry out the project and information on its nuclear power plant construction capabilities. In its National Energy Plan published in January 2023, Turkey plans for its nuclear capacity to reach 7.2 GW in 2035. Russia’s Rosatom, through its affiliate Akkuyu Nuclear, is currently building the 4.8 GW Akkuyu nuclear power plant, Turkey’s first nuclear plant.
South Korea also unveiled new targets to raise its share of nuclear power to 34.6% by 2036 (up from 26% in 2021). The country also set a target of exporting 10 nuclear reactors by 2030 as part of its push to boost the nuclear energy sector. Simultaneously to the submission of the proposal for Turkey, South Korea’s Ministry of Industry announced that it will resume construction of the Shin Hanul 3 and 4 nuclear reactors (1.4 GW each) during the course of 2023, after completing disaster impact assessments and other administrative work. The 1.4 GW Shin Hanul Unit 1 entered commercial operation in December 2022.
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