KHNP, consortium fail to agree on Czech nuclear plant contract
Korea Hydro & Nuclear Power (KHNP) announced Thursday that it had ended negotiations with a consortium of Daewoo E&C and Doosan Enerbility over a construction contract for a 26 trillion won ($19.4 billion) nuclear power project in the Czech Republic, after the two sides failed to reach an agreement on key terms. KHNP said it would begin terminating its cooperation agreement with the consortium…
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.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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