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PONU Tech, an Affiliate of POSCO ICT, Taking Part in a Nuclear Power Plant Construction Project in UAE
2014.10.01
- Responsible for pilot runs of nuclear reactor #1 to #4, of a KRW 62.0 billion scale
- Expanding its market continuously based on its rich experience in the field
PONU Tech (CEO: Rim Chae Moon), a specializer in building and maintaining nuclear power plants, is going to help complete a nuclear power plant, currently under construction in United Arab Emirates.
PONU Tech, an affiliate of POSCO ICT, has announced that it won the bid to works relating to pilot runs in electric and measuring areas for the unit #1 to #4 of the plant, located in Baraca, 270km to the west of Abu Dhabi, UAE, whose construction is currently under control of Korean Electric Power Corporation (KEPCO) consortium.
PONU Tech had entered into a joint venture agreement (HSJY) of a $62.1 million (about KRW 62.0 billion) scale with Hyundai Engineering & Construction and Samsung C&T, who will be responsible for the construction, at the consortium of KEPCO, on Sept 26, 2014. In this project, PONU Tech will undertake pilot runs for nuclear reactor #1 to #4.
The pilot runs are about checking in advance the performance with every piece of equipment and systems completed, specifically, testing every part of all systems integral to each reactor as well as pre-test of key functionalities such as a general leakage level of radioactivity.
Any nuclear power plant is supposed to open its service only after strict follow-up tests and inspections including pilot runs to ensure its safety.
PONU Tech, after a successful completion of its mission in this project, is going to endeavor to participate in a nuclear fuel fill-up test and other follow-up services such as routine and preventive maintenance in the actual operating phase.
PONU Tech has so far concentrated on partial maintenance of instrumentation and control units of nuclear and thermal power plants and is expanding its service in construction and pilot run of instrumentation and control systems.
As of now, the company is second to none in Korea in the instrumentation and control of power plants; it has provided maintenance service for 10 nuclear power units in Wolseong, Uljin and Yeonggwang and 6 thermal power units around Yeongheung and Dangjin.
It has also been building Combined Nuclear Instrumentation Control System (MMIS) for a nuclear reactor for research in Jordan, as well as equipment in electric instrumentation. The company is planning to expand its service to commercial nuclear reactors.
"We have the ability to provide a one-stop service encompassing construction/pilot run, maintenance, design of system and equipment in nuclear power instrumentation and control," said an official at PONU Tech. "Starting with this project, we are planning to expand continuously our business to overseas."
The nuclear power plants in UAE was launched by the consortium represented by Korea Hydro & Nuclear Power, Doosan Heavy Industries & Construction, Hyundai Engineering & Construction and Samsung C&T. A total of four plants (of a 5,600MW scale) will be completed by 2020, in this project which will use a budget more than $20 billion (about KRW 23 trillion).
The first, 1.4-million-kw plant will be completed by May 2017, one unit added afterwards, each year, until April 2020 when all the four plants are to be completed.