Post by David B. Benson on Oct 23, 2017 17:23:57 GMT 9.5
Huon, your link is broken for me but a web search for Environmental progress big news finds the article. The just prior one is also of considerable interest regarding this approval for the continued construction of the pair of nuclear power plants.
Post by Roger Clifton on Oct 27, 2017 11:14:50 GMT 9.5
"Korea Hydro & Nuclear Power Co. plans to resume construction ... and complete the compensation process for its contractors"
My reading of the events in Korea is that we have watched another cycle of populism. During the election campaign the winning party roused fear then promised to relieve the populace of the fictitious threat. After the election, as a responsible government they then needed to protect the South Korean economy, electricity supply, export trade, public monies, etc. Instead of simply dissembling, they used the jury process to pump wisdom into the folly.
The word "compensation" in the quote above offers some protection for big engineering projects, not just nuclear. If the process for the original procurement of the funds included a clause to penalise the State for any delays caused by the State, then the populist tactic would be expensive only to the public purse. Any would-be leader of the fearful would then come under pressure from other pollies more protective of public funds.