ABB to deliver systems, equipment to North Korean nuclear plants

["Sandy Perle" <sandyfl@earthlink.net>]

Thursday January 20, 9:04 am Eastern Time

Company Press Release

ABB to deliver systems, equipment to North Korean nuclear plants  

US$ 200 million in orders awarded under multi-government framework 
agreement  

ZURICH, Switzerland--(BUSINESS WIRE)--January 20, 2000--ABB, the 
global technology group, said today it has signed contracts to 
deliver equipment and services for two nuclear power stations at 
Kumho, on the east coast of North Korea. The contracts, with a value 
of US$ 200 million, were awarded by HANJUNG (Korea Heavy Industries 
and Construction Co. Ltd.) and KOPEC (Korea Power Engineering Corp.). 
 

The two nuclear plants are being supplied to North Korea under a 
Supply Agreement with KEDO (Korean Energy Peninsula Development 
Organization), a consortium formed in 1995 by the governments of the 
United States, Japan, South Korea and the European Union. KEDO is to 
provide the stations under the Agreed Framework signed by the U.S. 
and North Korea in 1994.  

Under the terms of the contracts, ABB will provide engineering, 
design and components for the two 1,000-megawatt (Mwe) light water 
nuclear steam supply systems. The systems are an advanced version of 
ABB's System 80® design, which is being employed under license in 
eight reactors in South Korea. The two power stations are scheduled 
to begin commercial operation by 2007 and 2008, respectively.  

ABB and BNFL announced in late December of 1999 that British-based 
BNFL will acquire ABB's nuclear business, pending regulatory 
approval.  

ABB <http://www.abb.com> is a global technology company serving 
customers in power transmission and distribution; automation; oil, 
gas, and petrochemicals; industrial products and contracting; and in 
financial services. Power generation customers are served by the 
joint venture ABB ALSTOM POWER. The ABB Group employs about 170,000 
people in more than 100 countries.

------------------------------------------------------------------------
Sandy Perle					Tel:(714) 545-0100 / (800) 548-5100   				    	
Director, Technical				Extension 2306 				     	
ICN Worldwide Dosimetry Division		Fax:(714) 668-3149 	                   		    
ICN Biomedicals, Inc.				E-Mail: sandyfl@earthlink.net 				                           
ICN Plaza, 3300 Hyland Avenue  		E-Mail: sperle@icnpharm.com          	          
Costa Mesa, CA 92626

Personal Website:  http://www.geocities.com/scperle
ICN Worldwide Dosimetry Website: http://www.dosimetry.com

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