France is stepping up diplomatic and regulatory pressure against Korea’s nuclear power contract with the Czech Republic, raising tensions around the multibillion-dollar deal.
The Czech Republic's CEZ said its choice of Korea for an $18 billion nculear power plant project was "fair and transparent" and will pursue a legal remedy in court.
A Czech court has granted an injunction filed by France's EDF on Tuesday that blocks the Czech Republic's state-run CEZ from signing a contract with Korea Hydro & Nuclear Power on an $18 billion nuclear power plant deal.
The Czech nuclear power plant project secured by a Korea Hydro & Nuclear Power-led consortium, valued at 26.2 trillion won, will benefit a wide range of Korean firms.
Seoul and Prague agreed to finalize the Dukovany nuclear power plant project on May 7.
Korea Hydro & Nuclear Power (KHNP) president and CEO Whang Joo-ho stressed the importance of Korea-Africa partnership in nuclear energy during a keynote speech he delivered at the Africa Nuclear Business Platform (NBP) 2025 held in Morocco.
The state-run Korea Hydro & Nuclear Power appears to pulling the plug on nuclear power plant export efforts to Europe, but denied that its withdrawal from bids concerned a settlement with Westinghouse.
Korea's state-run Korea Hydro & Nuclear Power (KHNP) said Thursday negotiations with the Czech Republic's energy company for its nuclear power plant construction project are expected to be finalized later this month.
Korea Hydro & Nuclear Power (KHNP) launched an international institution for the Advanced Power Reactor (APR) type of nuclear reactor on Feb. 25.
Korea Hydro & Nuclear Power signed a 10-year deal with U.S. firm Centrus to import low-enriched uranium.
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