A model shows BANDI, a Generation III+ marine small modular reactor under development by KEPCO Engineering & Construction. The reactor is designed to produce 200 megawatts of thermal power and about 60 megawatts of electricity. Photo by Asia Today

Aug. 3 (Asia Today) -- South Korea's KEPCO Engineering & Construction is accelerating development of its BANDI marine small modular reactor as the country's major shipbuilders compete for positions in the emerging offshore nuclear power and nuclear propulsion markets.

KEPCO E&C is planning a government-funded research and development project for BANDI, nuclear industry officials said Monday.

The proposed program would be led by KEPCO E&C and seek to develop a standardized marine reactor design that could be adapted for floating nuclear power plants and nuclear-propelled vessels.

The company is conducting preliminary planning and aims to submit a project plan and request for proposals in early 2027. Subject to government review and approval, the national research project could begin in 2029.