Seoul to launch emergency response system for Czech nuclear project
Korea will launch an emergency management system to keep its nuclear power plant project in the Czech Republic on track following the breakdown of contract negotiations with a construction consortium, the industry ministry said Monday. Under the system, the government plans to draw up measures to keep the Czech project on track and prevent a recurrence of similar setbacks, according to the…
Seoul will introduce an emergency management system to ensure the Czech nuclear power plant project stays on schedule, following the collapse of contract talks with a construction consortium, according to the industry ministry. The government intends to devise measures to maintain progress on the Czech project and avert future setbacks, as reported by the Ministry of Trade, Industry and Resources.
This decision follows Korea Hydro & Nuclear Power Co. (KHNP), the nation's state-run nuclear power operator, terminating negotiations with a Korean consortium consisting of Daewoo Engineering & Construction Co. and Doosan Enerbility Co. for the Dukovany nuclear power plant project last week, due to disagreements over critical terms.
The ministry is scheduled to convene on Monday to deliberate on subsequent steps. KHNP announced it would formally terminate the negotiations and commence preparations for a new tender to select a construction contractor. The company aims to conclude a contract with a new consortium by July 2027, enabling construction to commence.
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.
This story
This is one outlet's version. Read the fullest account.
