Korea Hydro & Nuclear Power Partner 'Nada' Breaks into Global Nuclear Market... Signs Contract to Supply Parts for Turkish Nuclear Plant

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Korea Hydro & Nuclear Power (KHNP) announced on the 27th that its partner small and medium-sized enterprise (SME) 'Nada' has won the contract to supply the 'Vibration Monitoring System for Turbines' (Vibration Monitoring System·photo) for the Akkuyu Nuclear Power Plant in Turkey.

This contract is considered the first case in which an SME, developed through collaborative research and development with KHNP, successfully bid and won the project independently without forming a consortium with KHNP. Nada is a domestic specialist company in the field of vibration monitoring, and the contract won this time is worth approximately 3 million USD (about 3.6 billion KRW).

The 'Vibration Monitoring System for Turbines,' an essential facility for stable operation that detects mechanical issues such as high-pressure turbine failures in advance, was successfully localized in 2011 after about two years of development through close cooperation with KHNP's nuclear power export division.

This equipment was first installed in Kori Units 3 and 4 in 2013 and subsequently supplied to Shin-Kori Units 5 and 6, proving excellent performance and safety. Based on this, Nada has successfully exported to Indonesia, the UAE, Saudi Arabia, and other countries, growing into a global company.

In addition, Nada has strengthened its export capabilities through support projects such as B2B meetings and consulting with overseas buyers via KNP (Korea Nuclear Partners), an export support corporation jointly invested by KHNP and domestic equipment manufacturers.

Jaehoon Jung, President of KHNP, said, "I am pleased that our partner SMEs are performing well overseas despite the difficulties caused by COVID-19," adding, "We will continue to do our best to help domestic SMEs open overseas markets."

Meanwhile, the Akkuyu Nuclear Power Plant in Turkey, with a total project cost of about 22 trillion KRW, is planned to have four units constructed by Russia's Rosatom. Unit 1 is scheduled to begin operation in 2023.