Government to Provide 150 Billion KRW in Policy Funds to Nuclear Power Ecosystem

Increased by 50 Billion KRW Compared to Last Year

The government is set to provide policy funds worth 150 billion KRW to enhance the competitiveness of domestic companies and support the sustainable growth of the nuclear power industry.

On the 10th, the Ministry of Trade, Industry and Energy announced the recruitment of companies for the "Nuclear Power Ecosystem Financial Support Project." It offers low-interest loans for facility investments and operating funds to small and medium-sized nuclear power companies, with a total scale of 150 billion KRW.

This project was newly established last year, and the ministry successfully supported about 100 billion KRW in loans to 69 companies last year. This year, considering the increased investment demand from companies due to the acceleration of Shinhanul Units 3 and 4 construction and the expansion of overseas orders (Egypt, Romania, etc.), the budget was increased by 50 billion KRW.

Companies selected for this project can receive loans of up to 11 billion KRW (up to 10 billion KRW for facility funds and up to 1 billion KRW for operating funds) at low interest rates of 1-2% through commercial banks.

The loan period is up to 10 years (10 years for facility funds and 2 years for operating funds). Companies wishing to participate in the project must submit a business plan and application documents to the Korea Nuclear Industry Association by the 28th. Detailed support procedures and information can be found on the websites of the Ministry of Trade, Industry and Energy, the Korea Energy Technology Evaluation Institute, and the Korea Nuclear Industry Association.