South Korea ready to help set up N-power plant
Wednesday, 3 October 2007
South Korea has expressed readiness to provide financial and technological assistance to Bangladesh for setting up a nuclear power plant to meet the growing demand for electricity, reports UNB.
"We're waiting for appropriate response from Bangladesh government to the proposals we have already made," South Korean Ambassador in Dhaka Suk-Bum Park told the news agency at his office Tuesday.
He said Seoul proposed a couple of projects to Bangladesh that included setting up a nuclear power plant and coal exploration and development combined with coal-fired power plant.
"We would be glad if Bangladesh takes a serious look at these proposals and takes appropriate measures to realise the projects which are keys to Bangladesh's development," the envoy said.
He said Bangladesh is now having a good momentum to realise economic benefits and "we want to share know-how, experience, capital and other resources for mutual benefit and development."
Asked whether Seoul would provide finance or technology for the proposed nuclear power plant project, Ambassador Park said, "We're flexible and we are also following the international practices in terms of financing."
He said Korea has standardised nuclear power plant having capacity of 1000 mw, which is very efficient and cost effective.
He said 40 per cent of Korean demand for electricity is met from nuclear power plants.
Replying to a question, the Ambassador said it would cost over one billion US dollars to set up a nuclear power plant of 1000 mw.
In reply to a question, he said the visit of the secretary of the Science and Technology Ministry to Seoul in July was very fruitful.
Earlier, Foreign Adviser Iftekhar Ahmed visited South Korea and held talks with Korean Foreign Minister Song Min-soon and the deputy energy minister in May last.
"Process of consultation is going on in right way," the Ambassador said.
Replying to another question, he said if South Korean company Daewoo Engineering is designated for setting up the nuclear power plant, it would form a consortium with other leading Korean companies.
Daewoo, having experience in installing nuclear power plants in many countries, already placed a proposal to the Ministry of Science and Information Technology, he said.
As per the proposal, Daewoo will provide 70 per cent of the total cost of the installation of nuclear power plant in Bangladesh.
Foreign Adviser Iftekhar Chowdhury during his recent visit to
Moscow discussed the issue of nuclear power plant with his Russian counterpart. The Russian government also offered assistance to Bangladesh in installing the nuclear power plant.
"We're waiting for appropriate response from Bangladesh government to the proposals we have already made," South Korean Ambassador in Dhaka Suk-Bum Park told the news agency at his office Tuesday.
He said Seoul proposed a couple of projects to Bangladesh that included setting up a nuclear power plant and coal exploration and development combined with coal-fired power plant.
"We would be glad if Bangladesh takes a serious look at these proposals and takes appropriate measures to realise the projects which are keys to Bangladesh's development," the envoy said.
He said Bangladesh is now having a good momentum to realise economic benefits and "we want to share know-how, experience, capital and other resources for mutual benefit and development."
Asked whether Seoul would provide finance or technology for the proposed nuclear power plant project, Ambassador Park said, "We're flexible and we are also following the international practices in terms of financing."
He said Korea has standardised nuclear power plant having capacity of 1000 mw, which is very efficient and cost effective.
He said 40 per cent of Korean demand for electricity is met from nuclear power plants.
Replying to a question, the Ambassador said it would cost over one billion US dollars to set up a nuclear power plant of 1000 mw.
In reply to a question, he said the visit of the secretary of the Science and Technology Ministry to Seoul in July was very fruitful.
Earlier, Foreign Adviser Iftekhar Ahmed visited South Korea and held talks with Korean Foreign Minister Song Min-soon and the deputy energy minister in May last.
"Process of consultation is going on in right way," the Ambassador said.
Replying to another question, he said if South Korean company Daewoo Engineering is designated for setting up the nuclear power plant, it would form a consortium with other leading Korean companies.
Daewoo, having experience in installing nuclear power plants in many countries, already placed a proposal to the Ministry of Science and Information Technology, he said.
As per the proposal, Daewoo will provide 70 per cent of the total cost of the installation of nuclear power plant in Bangladesh.
Foreign Adviser Iftekhar Chowdhury during his recent visit to
Moscow discussed the issue of nuclear power plant with his Russian counterpart. The Russian government also offered assistance to Bangladesh in installing the nuclear power plant.