Unit 1 of the Wolsong nuclear power plant will be retired prior to the expiration of its operating licence in 2022, Korea Hydro and Nuclear Power (KHNP) announced today as it also cancelled plans for four new reactors. The move is in line with the South Korean government’s policy to phase out the use of nuclear energy.
State-owned KHNP said its board had made the decision for the early closure of Wolsong 1 at a meeting today in Seoul. In a statement, the company said its decision was based on the “uncertain economic viability” of its continued operation and recent low operating performance. KHNP said it will “proceed with a follow-up process to acquire a licence under the Nuclear Safety Act to change [the unit’s status] to permanent suspension of operation”.
via World Nuclear News Early closure for Korea’s oldest operating reactor