[Asia Economy Reporter Lee Jung-yoon] G2 Power surged due to expectations of an expanded share of nuclear power.
As of 10:27 AM on the 31st, G2 Power is trading at 16,150 KRW, up 25.68% (3,300 KRW) from the previous day.
The Ministry of Trade, Industry and Energy announced that the working draft of the '10th Basic Plan for Electricity Supply and Demand (Jeon-gibon)' was prepared by the General Subcommittee, an advisory body for Jeon-gibon, the day before. The plan promotes expanding the share of nuclear power generation to about one-third of the total electricity generation by 2030 through the operation of six new nuclear reactors and the continued operation of 12 existing reactors.
Additionally, Hwang Ju-ho, President of Korea Hydro & Nuclear Power, stated regarding new nuclear power plant construction, "While complying with legal procedures, special efforts are needed to resume construction as quickly as possible." He also said, "In connection with the resumption of construction, it is necessary to place major contracts early to support the rapid recovery of the nuclear power industry ecosystem."
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