What is the revised budget of Shin Hanul Units 1 and 2?
The Hanul Nuclear Power Plant is the nuclear power station at Uljin on the east coast of South Korea, with six OPR-1000 units from 1988 to 2005 and the two newer APR-1400 units Shin Hanul 1 and 2, previously called Shin-Uljin, which began construction in 2012 and 2013 and entered commercial operation in December 2022 and April 2024, with Shin Hanul 3 and 4 started in October 2024. Seoul Economic Daily reported in October 2022, from a Korea Hydro and Nuclear Power internal document, that the project cost of Shin Hanul 1 and 2 had been set at 10.3274 trillion won, up from 7.9823 trillion in 2014.
Revised budget
KRW 10327.4 billion
Approximately $8 billion
Cost basis: 2022
IAEA ImagebankPublic domain
Cost evidence
Basis of the published figure
Revised budget2022
Project record