Serbia and South Korea's KHNP join forces to explore nuclear energy and hydrogen projects.
Serbia and South Korea's Energy Collaboration: A Step Towards Sustainable Growth
In a significant move towards energy security and clean energy transition, the Serbian Ministry of Mining and Energy and South Korean company Korea Hydro & Nuclear Power (KHNP) have signed two memorandums of understanding. These agreements were inked during the Korea-Serbia Strategic Energy Development Forum, held in Belgrade.
The first memorandum, focusing on nuclear energy, aims to facilitate the exchange of technical information, research results, and best practices in the field. It also seeks to develop and train personnel in Serbia in the field of nuclear technologies. KHNP, a subsidiary of Korea Electric Power Corporation (KEPCO), will support this endeavour by providing training programs for Serbian personnel, institutions, faculties, and companies in various aspects of nuclear technologies, safety, and regulatory framework.
Slavko Dimović, State Secretary at the Ministry of Mining and Energy, announced a public discussion aimed at explaining nuclear energy to all of Serbia, with a goal of having a nuclear power plant by 2040. This initiative is part of Serbia's broader strategy to consider nuclear energy as one of the potential energy sources that could help it achieve energy security while transitioning to clean energy sources.
The signing ceremony was attended by dignitaries including the Ambassador of the Republic of Korea, Kim Hyung Tae, Serbia's Minister of Science, Technological Development, and Innovation, Bela Balint, and the Director General for KOTRA Europe Headquarters, Kim Hyeon-cheol. The memorandums were signed by Sonja Vlahović, State Secretary at the Ministry of Mining and Energy, and Joo-ho Whang, President and CEO of KHNP.
In addition to the nuclear energy cooperation, the second memorandum, on hydrogen, will enable joint work to assess the potential for developing pilot green hydrogen projects in Serbia. The agreement envisages technical exchanges and support for human resource development, as well as sharing know-how in the full hydrogen cycle and supply chain management. Kim Su-Jyun discussed hydrogen projects and cooperation with Serbia in his presentation.
Park So-hyun presented nuclear power plant projects that KHNP is developing in South Korea and other parts of the world. Besides KHNP, there are no specific companies explicitly named as partners in the nuclear power plant project development in Serbia. The search results do not provide additional company names involved in this cooperation.
Hyundai Engineering is part of Serbia's largest renewable energy project, the deployment of 1,000 MW of solar power plants with battery storage. Milan Rajić, a notable figure, invited Serbian entrepreneurs to collaborate with Korean companies, further strengthening the bilateral ties in the energy sector.
The cooperation between Serbia and KHNP is expected to enable sustainable growth for both Serbia and the company, marking a significant step in the global energy landscape.
