À̹ÌÁö È®´ë Korea Hydro & Nuclear Power Corporation (KHNP), which operates the country¡¯s nuclear power plants, in a surprise board meeting to deceive protesting union Friday endorsed the government plan to suspend construction of the two new nuclear reactors Shin Kori 5 and 6.
As the government announced earlier, the construction of the two reactors will be suspended for three months, during which a civilian-led committee will study the feasibility of stopping the $7.5 billion project whose construction is already 30 percent underway.
KHNP held a blitz board meeting Friday morning at a hotel distant from its headquarters in Gyeongju, southeast of Seoul, to avoid a physical confrontation with protesting workers.
Earlier it announced that the board meeting was cancelled.
Last month President Moon Jae-in announced a plan to wean the country off nuclear power that currently is responsible for a third of electricity supply to go completely nuclear free by 2040. The oldest Kori 1 reactor was permanently decommissioned and the construction of the additional reactors put to stop.
À̹ÌÁö È®´ë The hasty decision has been heavily contested by the workers, industry, and scholars at home and abroad.
The union threatened to sue the board for dereliction of duty for reversing a costly state project in a single board meeting.
The Office for Government Policy Coordination will soon create a commission of nine members that will conduct a public assessment and a civil jury will give a final judgment three months later. The government previously said it would leave out industry experts.
KHNP estimates the temporary shutdown could cause a business loss of some 100 billion won ($88 million) including a wage loss of 1.2 billion won for the three month period. More than 1,000 workers from 1,700 suppliers had been engaged in the construction.
By Ko Jae-man
[¨Ï Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]