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South Korea announces four more nuclear reactors to be built

http://uk.reuters.com/article/2014/11/21/uk-nuclear-southkorea-idUKKCN0J50LY20141121

South Korea said on Friday it will start to construct two new nuclear power plants in 2017 at the earliest and another two by 2022, making a total of 11 new nuclear plants planned by 2024.

The Office for Prime Minister's Secretariat and energy ministry said the government agreed with the county of Uljin to add Shin Hanul No.3 and No.4 nuclear plants by 2022.

Another statement from the government offices said the county of Yeongdeok had agreed to have two plants by 2012.

As compensation for the nuclear power plants, the government via reactor operator Korea Hydro and Nuclear Power Co Ltd will provide a total of 1.5 trillion Korean won (1.35 billion US dollar) to Yeongdeok for 60 years, and 280 billion won to Uljin to improve the services like roads, schools and hospitals in the remote communities, the statements noted.

Korea Hydro and Nuclear Power, is fully owned by state-run Korea Electric Power Corp.