Doosan Enerbility Visited by Yoon... Promoting Win-Win Cooperation with Nuclear Power Partners

The Only Domestic Nuclear Power Plant Main Equipment Manufacturing Factory
Chairman Park Ji-won Announces 'Five Major Win-Win Measures for Nuclear Power Plant Partners'

[Image source=Yonhap News]

[Asia Economy Reporter Oh Hyung-gil] On the 22nd, President Yoon Seok-yeol visited Doosan Enerbility's nuclear power plant in Changwon, Gyeongnam. He is the first president to visit a nuclear power plant.

According to Doosan Enerbility, about 20 representatives from nuclear power industry partner companies attended the event, including President Yoon, Minister Lee Chang-yang of the Ministry of Trade, Industry and Energy, Minister Lee Young of the Ministry of SMEs and Startups, Doosan Enerbility Chairman Park Ji-won, and Doosan Enerbility Cooperation Chairman Jeong Soon-won, CEO of Hwashin Bolt Industry.

President Yoon first visited the equipment storage yard where production has been halted due to the suspension of the Shin Hanul Units 3 and 4 project. The storage yard contains main nuclear power plant equipment and main materials such as reactors and steam generators for Shin Hanul Units 3 and 4.

Inside the factory, President Yoon showed keen interest in the reactor head intended for Shin Kori Unit 6. He then visited the forging plant and inspected the world's largest 17,000-ton press and other equipment.

After touring the factory, President Yoon held a meeting with representatives of about 20 nuclear power component companies located mainly in Changwon, Gyeongnam, centered around Doosan Enerbility, along with nuclear industry partner companies. Ministers Lee Chang-yang and Lee Young promised support measures for the nuclear ecosystem and financial support for SMEs.

Doosan Enerbility Chairman Park Ji-won explained the current status of the nuclear power business and announced the "Five Major Win-Win Plans for Nuclear Power Partner Companies," which include securing orders, financing, strengthening technological competitiveness, future growth engines, and support for overseas expansion.

Doosan Enerbility plans to place early orders for production volumes to partner companies once Shin Hanul Units 3 and 4 resume, assist in normalizing the project through advance payments, and expand the long-term supply contract system for over five years. Additionally, they plan to increase the current 24 billion KRW Win-Win Growth Fund to about 84 billion KRW.

To support future growth engines for partner companies, the plan includes securing production volumes for domestic and international Small Modular Reactors (SMRs) to establish a supply chain for equipment and jointly entering the nuclear-linked hydrogen facility business for clean hydrogen production.