KEDO, UNSCOM financial woes may undermine 'watchdog' efforts

Article Abstract:

The Korean Peninsula Energy Development Organization (KEDO) and the UN Special Commission on Iraq (UNSCOM) are facing a financial crisis which may hinder the fulfillment of their mission. KEDO is responsible for the finance and construction of two light-water reactors, and the delivery of heavy fuel oil to North Korea for energy needs. However, KEDO is short of funds to pay for the delivery of fuel oil. UNSCOM, which is supervising the demolition of Iraq's nuclear, chemical and biological warfare weapons and ballistic missile programs, is also facing acute financial problems.

International trade, Design and construction, International relations, United Nations, Iraq, Light water reactors, Iraqi foreign relations, Fuel oil, Fuel oils

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KEDO, North Korea sign protocols as funding crisis continues

Article Abstract:

The Korean Peninsula Energy Development Organization and North Korea have signed three protocols that mark further progress towards the US initiated plan for the denuclearization of Pyongyang. In addition to facilitating the construction of two light-water reactors in North Korea, the accords negotiates on facilities for North Korean workers, such as communication, transportation, privileges, and immunities. However, the paucity of funds for the annual heavy fuel oil shipments to the North is threatening the reactor projects.

Analysis, Treaties

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KEDO takes first steps to fulfill nuclear accord with North Korea

Article Abstract:

KEDO, an international consortium, has agreed to finance the construction of two 1,000 mega-watt light water reactors as part of a compromise on the denuclearization by North Korea. Many member countries of KEDO contributed millions of dollars for this project. Sinpo is the proposed installation site for the reactors. Apart from the economical assistance, KEDO will manage the oil imports to North Korea until the reactors are operational and help them to remove spent fuel rods from the nuclear facilities.

Economic assistance, Foreign economic assistance, Military policy, Nuclear reactors

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