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Amec and UKAEA look East with South Korean merger

TWO LEADING UK nuclear ms have joined forces with a South Korean energy giant in a bid for the trio to win more work in Europe and Korea.

Infrastructure giant Amec and nuclear expert UKAEA have signed a partnership agreement with the Korean Power Engineering Company (KOPEC), with the aim of merging the skills and experience of all three firms.

Amec Nuclear Holdings managing director Alan Lamerton said: 'KOPEC has the local experience in the market, Amec has got some extremely good project management systems, which KOPEC has been keen to plug into, and UKAEA brings the experience of working and operating in nuclear sites in the UK.' KOPEC senior vice president of nuclear projects Dr Ki-in Han said his firm lacked both project and programme management skills ? areas where he feels Amec and UKAEA are strongest.

'We wanted a partner with a strong EU presence to help us enter the UK and European markets, ' Han added.

Amec and UKAEA plan to target the $10bn South Korean market through their connection with KOPEC.

'This is a very important strategic contract, ' said Lamerton.

'Amec is an established company in Korea. This and our strong links with UKAEA have given us an undoubted advantage and mean that we have made progress in targeting the nuclear market in Korea, where others have failed.

'Amec Nuclear will bring its extensive programme management and technical expertise to the agreement while UKAEA's experience in all the technical aspects of waste management and decommissioning will ensure that the companies are in a prime position to win work in this emerging market.' The move comes as Amec continues to seek buyers for its UK construction division.

Outgoing chief executive Peter Mason admitted that poor management was responsible for recent disappointing performance in the division.

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