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Korea Exim News

Korea Eximbank discussed Financial Cooperation with NuScale Power

Date 2022.05.02 View 2358
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□ The Export-Import Bank of Korea (www.koreaexim.go.kr, Chairman Bang Moon-kyu, “Korea Eximbank“) announced on the 26th that it has discussed ways to cooperate with NuScale Power, a leading company in the U.S. Small Modular Reactor (SMR).

 

  * First design certification in 2020 from the U.S. Nuclear Regulatory Commission (NRC), the world's highest authority on nuclear power.

 

□ On the afternoon of the 25th, Chairman Bang Moon-kyu met with the executives of NuScale Power, who visited the Korea Eximbank to discuss financial support for the small module reactor demonstration project currently underway in Idaho.

 

 ㅇ At the meeting, Chairman Bang also discussed financial support measures necessary for domestic related companies to jointly enter third countries with NuScale Power.

 

□ A small module reactor has a power generation capacity of 300 MW, which can be produced and assembled in a factory.


 ㅇ It can also be used for hydrogen production and seawater desalination in the future.