South Korea is about to sign a memorandum of understanding (MOU) for joint research on building a nuclear power plant in Turkey, nearing its second nuclear power plant export deal, local media reported Thursday.
According to media reports here, the Ministry of Knowledge Economy said the state-run Korea Electric Power Corp. (KEPCO) is in discussion with the Turkish government on signing an MOU, Xinhua reported.
As the Turkish government has not yet decided on where to construct the nuclear power plant or how to finance the plan, the MOU will be reached to gear up the two sides' research preparations, a government official was quoted as saying by media.
The official, however, stayed cautious over the consequences of the MOU, saying it may not be directly followed by an actual deal as seen in many previous cases, media added.
For Turkey's upcoming nuclear power plant deal, Russia has been selected as the preferred bidder, but a legal battle stood in their way, which delayed the construction.