South Korea Orders Review on Westinghouse Nuclear Power Deal

Rzeczpospolita

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The CEO of Korean nuclear giant Korea Hydro & Nuclear Power Co. (KHNP) confirmed that the company is ending its operations in Poland. The decision was influenced by an agreement with American energy company Westinghouse regarding an intellectual property dispute over technology and the division of the European market. However, the Polish government does not rule out future cooperation with the Koreans.

Hospodářské Nnoviny (HN.cz)

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The signing of a global agreement between Korea Hydro & Nuclear Power (KHNP) and the US-based Westinghouse in January this year ended disputes over the use of the APR pressurized water reactor license. This removed complications in the contract for the construction of two nuclear reactors in Dukovany for 400 billion crowns (about 16.3...

Daum

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Korea Hydro & Nuclear Power (KHNP) has reportedly been blocked from entering markets in North America, Europe, and Ukraine due to an agreement reached with Westinghouse in the Czech Republic earlier this year during the project. Only Westinghouse can bid for new nuclear power plants in these countries, while KHNP can only pursue new nuclear power plant projects in the Middle East, Southeast Asia, and select African countries. A panoramic view of…

seznamzpravy.cz

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The South Korean presidential office wants to investigate the possibility that state-owned Korea Hydro & Nuclear Power (KHNP) entered into an unfair agreement with American nuclear technology firm Westinghouse.