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Czech Court Blocks $18.6 Billion Nuclear Deal with South Korea’s KHNP

EDF's legal challenge delays the signing of a contract for two reactors at Dukovany, while CEZ and KHNP prepare appeals and continue project planning.

Overview

  • A Czech court issued an injunction preventing CEZ from signing a contract with South Korea's KHNP to build two nuclear reactors, following a complaint by French bidder EDF.
  • EDF alleges unfairness in the tender process after losing the bid, escalating its case to court after the Czech competition authority rejected its appeal.
  • CEZ and the Czech government plan to appeal the ruling to the Supreme Administrative Court, expressing confidence in the transparency of the selection process.
  • South Korean Industry Minister Ahn Duk-geun stated that only the formal signing is delayed, with all other project preparations proceeding as planned.
  • The reactors, central to the Czech Republic's coal phase-out strategy, are scheduled for trial operations in 2036 and 2038, pending resolution of legal challenges.