Profitability concerns persist in South Korea over Czech nuclear plant construction deal slated for May 7

Profitability concerns persist in South Korea over Czech nuclear plant construction deal slated for May 7

The Czech Republic's final decision to sign a nuclear reactor construction deal with Korea Hydro & Nuclear Power (KHNP) next week has drawn renewed attention to how much Korean participants stand to e...

S. Korea wins deal to build nuclear power plant in Czech Republic, worth about US$18.2 bln: report

SEOUL, April 30 (Yonhap) -- South Korea has won a multibillion-dollar project to build two...

The state-controlled company Elektrárna Dukovany II will sign a 100 billion CZK contract with the South Korean company KHNP on May 7 to build two nuclear power units in Dukovany. It expects the cost to be 400 billion CZK. The project will be taken over by the state.

The government prepared a surprise and announced after Wednesday's meeting that it had already decided on the investment model and financing model for the new Dukovany nuclear power units. And also that the signing of the contract for the completion of Dukovany between ČEZ as the investor and the Korean KHNP will take place on May 7. So let's look at the biggest question marks and oddities.

The Czech Republic will sign a contract with the South Korean company Korea Hydro & Nuclear Power on the construction of two units of the Dukovany nuclear power plant on May 7, Prime Minister Petr Fiala announced on Wednesday. According to him, the government has approved the method of financing the completion of the project. The state will take over 80 percent of the share of its subsidiary Elektrárna Dukovany II from the CEZ group, for which i…

This is a lucrative contract worth over USD 17 billion, which is the cost of two new reactors at the Dukovany power plant.