Korea Hydro & Nuclear Power [SEP] parent company
Korea Hydro &amp; Nuclear Power
Korea Hydro & Nuclear Power (, KHNP) is a subsidiary of the Korea Electric Power Corporation (KEPCO). It operates large nuclear and hydroelectric plants in South Korea, which are responsible for about 30% of the country's electric power supply. It was formally established in 2001 as part of a general restructuring at KEPCO, although KEPCO had opened its first nuclear plant at Kori in Busan in 1977. The first commercial operation of Kori nuclear #1 was held 1978.
Transition between the former and the new owner during construction hit a few snags. The first two units are separated from the two units ordered by Hydro-Québec by a wall, because SW&P bond holders required the assets of the new subsidiary to remain distinct from those of its new parent company.
Technical overview.
Thermal power plants play a marginal role in Hydro-Québec's system, which is dominated by hydropower. In 2009, non-nuclear thermal generation accounted for 4.4% of nameplate capacity but only generated