Korea's APR1400 Reactor Set for First U.S. Deployment

The U.S. has cleared the construction of two APR1400 reactors as part of a $120 billion project covering eight large nuclear units. Westinghouse dropped its opposition after pressure from the U.S. Commerce Department; Korean firms may take a 5–10% stake in Westinghouse.

• The $120 billion project covers eight large reactors, two of them APR1400
• 60% of a $200 billion strategic fund will go to nuclear energy
• Westinghouse agreed to amend the SA arrangement for the two APR1400 units
• Korean companies may acquire a 5–10% stake in Westinghouse