South Korea Targets 29 Percent Nuclear Power Reliance by 2035

Nuclear power will account for 29 percent of South Korea’s power generation capacity in 2035, lower than a 41 percent goal introduced in 2008, according to a draft proposal of the country’s next long-term energy plan.

The plan, submitted by the energy ministry to parliament today and subject to a public hearing tomorrow, would raise nuclear reliance from 26.4 percent as of the end of 2012. The government is also planning to reduce power demand by 15 percent from a projected 70.2 million tonnes of oil equivalent by 2035, according to the draft. That compares with 39.1 million tonnes in 2011, the ministry said.