Korea Hydro and Nuclear Power (KHNP) and Bruce Power recently made an agreement to collaborate about improving the safety, execution and operational performance of nuclear power projects, like refurbishment.
"As nuclear operators, Bruce Power and KHNP are both committed to the value of 'Safety First' and achieve this high standard through active collaboration, transparency and continuous improvement," Duncan Hawthorne, president and CEO of Bruce Power, said. "This memorandum of understanding provides a framework in which Bruce Power and KHNP can build on our successful working relationship over the last 14 years."
The agreement is part of a nuclear trade mission between the governments of Ontario and South Korea.
"This trade mission offered a tremendous opportunity to promote Ontario's nuclear expertise and share knowledge with South Korea's energy sector,” Reza Moridi, minister of research and innovation, said. “By learning from each other and working together, we build partnerships which increase economic opportunities and continue to promote innovation in our jurisdictions.
Emphasizing the shared benefits for both countries, the agreement is centered around commonly held priorities.
"Ontario and
South Korea share a number of energy priorities, among them nuclear
power, grid modernization, conservation and renewable energy,” Minister of Energy Bob
Chiarelli said. “New partnership opportunities help
Ontario and Korea advance our broader objectives and find innovative
solutions to provide clean, reliable, affordable electricity.”