Two new large nuclear power reactors and 700 MW of small modular reactor capacity should be built by 2038 - in addition to the large reactors already under construction or planned - under South Korea's latest 15-year long-term energy plan, which has now been finalised(sic).

The 11th Basic Power Supply and Demand Plan, a draft of which was released in May last year, was presented to a plenary session of the National Assembly by the Ministry of Trade, Industry and Energy on 19 February. It was approved by the National Assembly's Power Policy Review Committee on 21 February.

The Basic Power Supply and Demand Plan contains domestic power generation facility plans for the next 15 years. It is updated by the Ministry of Trade, Industry and Energy every two years. The 11th basic plan includes plans from 2024 to 2038...

...Under the draft plan, the portion of carbon-free energy sources in the country's energy mix will increase from about 40% in 2023 to 70% by 2038. It says nuclear power generation is expected to grow from 180.5 TWh in 2023 to 248.3 TWh in 2038. The portion of nuclear power generation will grow from 30.7% in 2023 to 35.2% in 2038. The country's 26 reactors currently provide about one-third of its electricity...