South Korea to sell reactor to Netherlands
NETHERLANDS - Leaders from South Korea and the Netherlands are meeting to discuss cooperation on nuclear energy and the export of reactors to the Netherlands.
The South Korean Ministry of Education, Science and Technology is meeting with leaders in the Netherlands to try and sell its research reactor technology, Yonhap news agency reports.
The officials are proposing a nuclear energy pact that could include collaboration in the production of radioactive isotopes and efforts by South Korea to focus on eco-friendly growth using nuclear energy to meet growing demand.
South Korea's ministry suggested research reactors have the potential to become a $7.4 billion to $18.5 billion market operating in 40 countries.
There are already 240 operational units around the world, but more than half are more than 30 years old and will need to be replaced in the next 16 years.
Related News
Court reinstates constitutional challenge to Ontario's hefty ‘global adjustment’ electricity charge
TORONTO - Ontario’s court of appeal has decided that a constitutional challenge of a steep provincial electricity charge should get its day in court, overturning a lower-court judgment that had dismissed the legal bid.
Hamilton, Ont.-based National Steel Car Ltd. launched the challenge in 2017, saying Ontario’s so-called global adjustment charge was unconstitutional because it is a tax — not a valid regulatory charge — that was not passed by the legislature.
The global adjustment funds the difference between the province’s hourly electricity price and the price guaranteed under contracts to power generators. It is “the component that covers the cost of…
