US EditionA Czech court blocks the signing of a deal with South Korea’s KHNP to build 2 nuclear reactors
- A court in Brno, Czech Republic, has halted the finalization of a multi-billion-dollar contract between the Czech government and South Korea's KHNP for constructing two nuclear reactors at the Dukovany power plant.
- The court ruling followed a complaint and lawsuit filed by France's EDF after KHNP won the contract last July, beating EDF and a rejected Westinghouse bid.
- The deal, initially expected to finalize by March 2025, involves KHNP building two 1000-megawatt units costing around 200 billion Czech koruna each under the oversight of CEZ and Czech authorities.
- The court said it issued a 'pre-emptive ruling banning the signature' to prevent EDF from permanently losing the chance to compete even if it wins later, while EDF called the postponement necessary for a 'thorough assessment'.
- The injunction delays the deal signing until legal review, potentially affecting Czech plans to start construction in 2029 and shift nuclear energy share from 40 to 50 percent by 2050.
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Industry minister says Czech court ruling delays nuclear deal signing, yet other procedures continue
Industry Minister Ahn Duk-geun said Wednesday that a Czech court's decision to temporarily block a multibillion-dollar nuclear power plant deal with Korea will only delay the official signing, while o...
·Korea, Republic of
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Total News Sources53
Leaning Left10Leaning Right6Center9Last UpdatedBias Distribution40% Left
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