US EditionSouth Korean officials express confidence about Czech nuclear deal after court puts it on hold
- A Czech court has temporarily halted the $18 billion agreement for a South Korean-led consortium to construct two 1,000-megawatt nuclear reactors in the Czech Republic.
- The postponement comes after French firm EDF, which was not selected in favor of state-run Korea Hydro and Nuclear Power, filed a legal challenge that was dismissed by the Czech competition authority.
- South Korean officials, including Industry Minister Ahn Dukgeun speaking in Prague, described the court decision as a temporary setback and said CEZ plans to appeal while other steps proceed on schedule.
- The project was awarded by CEZ, the Czech Republic's largest electricity supplier, selecting KHNP over EDF in July to build reactors at Dukovany, while South Korea aims to export 10 reactors by 2030 as pledged by former President Yoon Suk Yeol.
- South Korea's acting president Lee Ju-Ho said Seoul will maintain close communication with the Czech side to ensure the deal’s swift finalization despite the court’s pause.
19 Articles
19 Articles
Associated Press News
South Korean officials express confidence about Czech nuclear deal after court puts it on hold
South Korean officials have downplayed a Czech court’s decision to put on hold an $18 billion project for South Korea to build two nuclear reactors in the country.
Acting president says South Korea to communicate closely with Czech Republic to finalize nuclear deal at early date
Acting President Lee Ju-ho said Wednesday the gov ernment will communicate closely with the Czech Republic to swiftly finalize a nuclear power plant deal temporarily scuttled by a court injunction this week. Lee made the remark during an economic security strategy meeting, a day after a Czech court blocked the country's main electricity firm, CEZ, from signing the estimated 26 trillion-won ($18.6 billion) contract with a Korean consortium led by…
S. Korea express confidence about Czech nuclear deal after court puts it on hold
SEOUL, South Korea -- South Korean officials on Wednesday downplayed a Czech court’s … Korea';s acting president, said that Seoul would communicate closely with the Czech … in December, former conservative South Korean President Yoon Suk Yeol had pledged …
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