South Korea to Build 10 More Nuclear Plants by 2030

Aug. 27, 2008
Will also increase its renewable energy resources

South Korea said on August 27 it will build 10 more nuclear power plants by 2030 and increase its renewable energy resources as part of a $100 billion plan to reduce its dependence on fossil fuels.

The county has few natural energy sources and already uses nuclear plants to generate nearly a third of its power needs but hopes to increase that to nearly 60%. It will create more renewable energy resources to meet the country's growing power needs and protect the environment, the National Energy Committee (NEC) announced.

The NEC called for a dramatic increase in the amount of energy South Korea gets from renewable sources including solar and wind power and biofuels, from 2.4% of total consumption today to 11% by 2030.

By 2012, at least a million homes in South Korea will rely on renewable energy sources, it said.

The plan would save the country $34.4 billion in energy import bills by the target year and help create 950,000 new jobs, energy authorities said.

Copyright Agence France-Presse, 2008

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