The news sources revealed on Sunday that negotiations to construct a nuclear power plant off the coast of Wales are underway between the British government and Korea Electric Power Corp (KEPCO) 015760.KS, a company based in South Korea. According to those briefed on the topic, the state utility has had preliminary talks with British authorities at the Wylfa facility in Anglesey, and a ministerial meeting is scheduled for this coming week.

The sources mentioned on Sunday that negotiations to construct a nuclear power plant off the coast of Wales are underway between the British government and Korea Electric Power Corp (KEPCO), a company based in South Korea.

At the Wylfa plant on Anglesey, the state utility has had preliminary talks with British officials, according to the newspaper.

When contacted for response, a representative for the Department of Energy Security and Net Zero stated that the British Minister of Nuclear and Renewable Energy, Andrew Bowie, will be meeting KEPCO in London next week, but he did not elaborate on the agenda.

The spokeswoman added in an email, “We are already making progress on our nuclear revival, securing two sites to host new projects.” “Wylfa has great potential, and we encourage interest from anyone wishing to fund nuclear projects in the United Kingdom.” KEPCO could not be reached for comment at this time.

According to a British government official cited in the newspaper, Energy Minister Claire Coutinho would “very much welcome all interest” in nuclear investment, but the talks were still in their early stages.

Great British Nuclear, a government organization created to meet the aims, announced in April that it is purchasing land from Hitachi for nuclear development at Wylfa in Ynys Mon/Anglesey and Oldbury-on-Severn in Gloucestershire. Hitachi of Japan abandoned its ambitions to construct a nuclear power station at the Wylfa site in 2020 because it was unable to get enough government support or private investors.

Read More: Click Here