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S Korea, India sign nuclear cooperation agreement

07-25-2011 14:18 BJT

SEOUL, July 25 (Xinhua) -- South Korea and India signed an accord Monday on nuclear cooperation, laying a legal basis for South Korea's efforts to export nuclear power plants.

The bilateral agreement was signed after a summit in Seoul between South Korean President Lee Myung-bak and his Indian counterpart, Pratibha Patil, according to the president's office Cheong Wa Dae.

During a summit talks, Lee called for support from the Indian government for South Korea's efforts to make inroads into the atomic power plant market of India, a country with 20 nuclear plants, Cheong Wa Dae said in a press release.

India is currently building six nuclear power plants and plans to construct some 40 more by 2032, while South Korea seeks to become a major exporter of its home-built nuclear power plants.

The state-run Korea Electric Power Corp. (KEPCO) struck a memorandum of understanding (MOU) in 2009 with Nuclear Power Corporation of India Limited, and has been seeking to tap into the Indian market.

Editor:Wang Xiaomei |Source: Xinhua

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