Doosan completes US nuclear deal

By Kim Yoo-chul

Staff reporter

Doosan Heavy Industries and Construction said Thursday that it has completed the negotiations to provide nuclear power plant equipment to the largest nuclear energy generating facility in the United States.

"We've finalized the process. Doosan hopes for bigger penetration in the highly lucrative nuclear power plants-related sector in the United States," the company said in a press release.

Doosan has been shipping control element drive mechanisms, or CEDMs, and replacement reactor vessel heads to the Palo Verde nuclear facility in Tonopah, Arizona, which has a capacity of 1,400 megawatts since May of last year.

A reactor vessel head is used to maintain the pressure resistance of a coolant, while a CEDM is a device used to control the degree of a nuclear reaction.

Shares of Doosan Heavy rose 5.42 percent to end at 68,100 won on the nation’s main bourse, according to the data from Korea Exchange (KRX).