Saewool Nuclear Power Headquarters of Korea Hydro & Nuclear Power has executed an early payment of 20.9 billion KRW for the construction costs of Saewool Units 3 and 4 to contractors and partner companies ahead of Chuseok, in order to secure a sustainable nuclear power industry foundation and ensure smooth progress of the construction project.
This is expected to help facilitate the cash flow of contractors and partner companies, as the demand for funds intensifies before Chuseok.
As the forward base for K-nuclear power exports, Saewool Nuclear Power Headquarters is continuously implementing win-win programs such as site manager meetings and communication sessions with partner companies to listen to difficulties, share issues, and develop improvement measures together with contractors and partners.
Soh Youseop, Head of Saewool Nuclear Power Headquarters, stated, "We decided on early payment to alleviate the management burden of contractors and partner companies during this period of high demand for funds," adding, "We will do our utmost to ensure the smooth progress of the construction of Saewool Units 3 and 4."
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