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Monday, December 1, 2008

S.Korea to join Jordan nuclear power projects

South Korea signed a cooperation agreement with Jordan to participate in Jordanian infrastructure projects including building nuclear power generators, state-run Korea Electric Power Corp (KEPCO) said on Monday.

Jordan plans to build several nuclear power plants to raise the portion of nuclear power to 30 percent of its total power generation by 2040.

The resource-scarce Middle Eastern country also plans to spend about $5 billion over the next decade to build a waterway between the Dead and the Red seas.

"The Jordanian government wished to cooperate with South Korea for the projects as (South Korean companies) have competitive skills in these areas," KEPCO said in a statement.

South Korea has around 20 nuclear power plants that account for about half of the country's power generation.

(Source: Reuters)

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