Business Collaboration Agreement with NuScale Power
[Mediapen=Na Gwang-ho] Doosan Heavy Industries & Construction(DHIC) signed a Business Collaboration Agreement with NuScale Power(NuScale), the leading USA SMR(Small Modular Reactor) company for supply of nuclear reactor modules and other equipments.
With this agreement, DHIC plans to extend its business field to the global nuclear market. They expect the contract amount for equipment supply to be at least USD 1.2billion.
To strengthen strategic cooperation, DHIC will buy a stake in NuScale Power with Korean investors including IBK Securities. They plan to invest $40 million by end of this year.
| |
 |
|
| ▲ On July 23rd, attendees pose for a commemorative photo after the signing for Business Collaboration Agreement and Unit Purchase Agreement for SMR deployment. (From left to right) Jason Jang, Head of Private Equity Division, IBK Securities, Kiyong Na, CEO of the Doosan Nuclear Power Business Group, John Hopkins, CEO of NuScale Power, and Yongjin Song, DHIC CSO/Source=Doosan Heavy |