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North Korea: KEDO Project Cost Could Double The overall cost of building two light-water reactors in North Korea will grow to double the original estimated cost of $4.6 billion, former Korean Peninsula Energy Development Organization General Counsel Mitchell Reiss said yesterday. There already is a disparity of 8 percent between KEDO’s payable and receivable accounts from its member countries, Reiss said. Additionally, North Korea has asked for compensation due to delays in the project (see GSN, Dec. 4). “KEDO was a challenge from the beginning, and it’s easy to focus just on the problems, but there have also been a lot of achievements,” Reiss said (Seo Soo-min, Korea Times, Dec. 12).
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