On June 13, 2024, BETVAR a.s. and KEPCO Plant Service & Engineering Co., Ltd. (KEPCO KPS) signed a memorandum of understanding, establishing the foundational framework for their future collaboration.
This memorandum, signed between the Czech engineering firm BETVAR and the South Korean company KEPCO KPS, focuses on enhancing mutual cooperation in the field of nuclear energy and plant maintenance. BETVAR, a leader in the European nuclear industry, brings its expertise in the design, manufacture of components, and maintenance of nuclear projects. KEPCO KPS specializes in providing comprehensive solutions for plant diagnostics and performance improvement.
Key points of the memorandum include:
- New Nuclear Energy Projects: The companies will collaborate on projects related to the commissioning of new nuclear power plants and their maintenance.
- Maintenance Infrastructure: They will focus on building and ensuring maintenance capacities, including personnel training.
- Exploring New Projects: Both firms will seek new opportunities in the Czech Republic and neighboring countries as long-term partners.
The memorandum is valid for five years, with the possibility of extending for an additional year based on mutual written consent. The agreement also includes a confidentiality provision to protect shared information for a decade.
This memorandum marks a significant step towards strengthening international cooperation in the energy sector and the construction of nuclear power plants, with both companies aiming to deliver innovative solutions and maintain a high level of expertise.