15 December 1999
Text: Foley Dec. 15 Statement on KEDO Turnkey Contract
(South Korean firm to build two nuclear plants in N. Korea) (290) Calling it "a milestone" in implementing the 1994 Agreed Framework between the United States and North Korea, the State Department said December 15 that it welcomes the signing of the "Turnkey Contract" between the Korean Peninsula Energy Development Organization (KEDO) and the Korea Electric Power Company (KEPCO) to build two light-water nuclear reactors in North Korea. "The Turnkey Contract should allow this important and complex international construction project to proceed expeditiously," State Department Deputy Spokesman James Foley said. Following is the text of the statement: (begin text) U.S. DEPARTMENT OF STATE Office of the Spokesman December 15, 1999 STATEMENT BY JAMES B. FOLEY, DEPUTY SPOKESMAN KEDO SIGNS TURNKEY CONTRACT The United States welcomes the announcement of the signing of the Turnkey Contract between the Korean Peninsula Energy Development Organization (KEDO) and the Korea Electric Power Company (KEPCO). KEPCO is the prime contractor for construction of the two modern, proliferation-resistant 1000 megawatt light-water nuclear reactors (LWRs) to be built in Kumho, on the northeast coast of the DPRK as provided for in the 1994 Agreed Framework. The Turnkey Contract should allow this important and complex international construction project to proceed expeditiously. We would like especially to acknowledge the hard work by the members of KEDO's Executive Board in patiently and resourcefully bringing this phase of the LWR project to a successful conclusion. Indeed, this important step is a milestone in the international cooperative effort of all the parties in implementing the Agreed Framework. (end text) (Distributed by the Office of International Information Programs, U.S. Department of State)
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