KEPCO Set to Bid for Uranium Firm Urenco

South Korea’s Korea Electric Power Corp (KEPCO) plans to form a consortium to bid for European nuclear fuel producer Urenco. The Netherlands is willing to sell its 33 per cent stake in Urenco, which is also owned by British and German utilities E.ON AG and RWE AG. The three countries are in complicated talks about selling a stake in the security-sensitive uranium enrichment firm.

KEPCO is seeking to form a consortium with South Korean energy firms including SK Energy Co Ltd to secure nuclear materials-related technologies and seeks to build nuclear power plants overseas, the Korea Economic Daily reported, quoting an unnamed KEPCO official. KEPCO officials were not immediately available to comment on the report.