(2nd LD) KHNP ends talks with consortium on Czech nuclear plant construction contract

Korea Hydro & Nuclear Power (KHNP) has terminated talks with a consortium comprising Daewoo E&C and Doosan Enerbility over a $19.4 billion nuclear power project in the Czech Republic. The breakdown of negotiations followed 15 months of efforts to agree on key terms of the contract. KHNP stated that it would now begin terminating its cooperation agreement with the consortium and initiate a competitive bidding process to select a new contractor.

The state-run nuclear operator aimed to minimize disruption to the construction of two Korean-designed APR1000 reactors at the Dukovany site in the Czech Republic. Discussions had been ongoing since June 2025 when KHNP signed the main contract with Elektrarna Dukovany II, the Czech state-run entity overseeing the project. Key disagreements between the parties had been evident throughout the negotiations.