This undated file picture offered by Daewoo Engineering & Development exhibits the Dukovany nuclear energy plant within the Czech Republic. Yonhap
Korea’s state-run Korea Hydro & Nuclear Energy Co. (KHNP) mentioned Thursday negotiations with the Czech Republic’s power firm for its nuclear energy plant building venture are anticipated to be finalized later this month.
„We’re within the last stage of the negotiations with the Czech shopper and are actually fine-tuning particulars at an affordable stage,“ KHNP advised Yonhap Information Company. „We’re planning to conclude the talks inside March and set the date for signing after contemplating different elements, together with inner procedures and authorities reporting.“
KHNP has been in talks with the Czech Republic’s Elektrarna Dukovany II (EDU II) since a KHNP-led South Korean consortium was chosen as the popular bidder in July 2024 to construct two reactors on the Dukovany energy plant within the East European nation.
Whereas the 2 sides reportedly have reached an settlement on key factors, reminiscent of the whole venture value, they’re nonetheless discussing particular points, together with the proportion of localization all through the development course of.
If finalized, the deal, estimated at 24 trillion received (US$16.7 billion), would mark Korea’s first abroad nuclear energy plant venture since 2009, when KHNP received the Barakah Nuclear Energy Plant contract within the United Arab Emirates.
KHNP settled an mental property dispute with U.S.-based Westinghouse in January, eradicating a significant hurdle to the profitable signing of the Czech venture.
Westinghouse had beforehand claimed the Korean agency infringed on its mental property. (Yonhap)
