Overview

• On June 4, the Czech Supreme Administrative Court lifted a lower-court injunction, clearing the way for Elektrárna Dukovany II and Korea Hydro & Nuclear Power to sign the $18.6 billion contract.
• The contract calls for two APR-1000 reactors at Dukovany, with construction starting in 2029 and trial operations targeted for 2036 and 2037.
• It marks South Korea’s first overseas nuclear power plant contract since 2009, reinforcing Prague’s strategy to shift away from coal and ageing facilities.
• KHNP will open an on-site construction office and has pledged to award at least 60% of project work to Czech suppliers.
• The reactors are central to the Czech Republic’s target of generating 50% of its electricity from nuclear power and phasing out coal by 2033.