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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The court's decision on a preliminary injunction that prevented Wednesday's signing of final contracts with South Korea's KHNP in a hundred-billion-kroner tender for the construction of two nuclear power units in Dukovany will have economic impacts, said Minister of Industry and Trade Lukáš Vlček (STAN). According to some experts, the damages could amount to several billion crowns. The Dukovany II power plant is preparing to defend itself agains…
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Total News Sources53
Leaning Left10Leaning Right6Center9Last UpdatedBias Distribution40% Left
Bias Distribution
- 40% of the sources lean Left
40% Left
L 40%
C 36%
R 24%
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