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KEPCO- ENEC Nuclear Power Project
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US$40,000.00 m
Entry date
- Thursday, 7 January 2010
Jurisdiction
- .
Practice
- .
Largest nuclear power deal in the world to-date; Korea’s first overseas nuclear power project
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Deal summary
Consortium led by Korean Power Corporation (KEPCO) wins bid to deliver 4 units of 1400MW reactors to ENEC by 2020
Largest nuclear power deal in the world to-date; Korea’s first overseas nuclear power project
Firms began assisting clients in March 2009 during bidding process – Lee & Ko assisted KEPCO consortium in discussions, helping KEPCO through second bidding process by eliminating traditional industry powerhouses such as Westinghouse and Mitsubishi. Firm also worked with KEPCO's Overseas Nuclear Power Projects Division on all aspects of the transaction, negotiation sessions in Abu Dhabi and Seoul and internal meetings at KEPCO's underground "War Room".
Lee & Ko can trace relationship with KEPCO back as far as its early nuclear projects of the 1970’s. More recently, worked on negotiations with the Korean Peninsula Energy Development Organisation (KEDO) in respect of the 'Turnkey Contract’ for the supply of the light water reactor project to North Korea.
Pillsbury’s relationship with Abu Dhabi government entity took off after its work for US energy company Thorium Power - Thorium was engaged by the ENEC in 2007 to prepare ‘roadmap’ for procurement/construction of nuclear power plants in UAE.
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