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Korea Electric Power : South Korea's KEPCO in talks with Toshiba over stake in UK nuclear project

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06/28/2017 | 12:49pm CEST

South Korea's Electric Power Corp (KEPCO) (>> Korea Electric Power Corporation) is in negotiations to buy a stake in Toshiba's NuGen nuclear project in Britain, a KEPCO executive said on Wednesday.

South Korea's Electric Power Corp (KEPCO) (>> Korea Electric Power Corporation) is in negotiations to buy a stake in Toshiba's NuGen nuclear project in Britain, a KEPCO executive said on Wednesday.

"We are in negotiations with Toshiba (>> Toshiba Corp) to take some share (in the project)," Jong-hyuck Park, chief nuclear officer at state-owned KEPCO, said during an industry event in London on Wednesday.

His comments came a day after South Korea’s government suspended construction of two partially completed nuclear reactors in the country while it gathers public opinion on the facilities and decides whether they should be scrapped.

(Reporting By Susanna Twidale; Editing by Susan Fenton)

Stocks treated in this article : Toshiba Corp, Korea Electric Power Corporation
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