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4d ago

Czech Republic signs $18.6 billion nuclear contract with KHNP after court lifts injunction

Clearing the final legal obstacle will allow Prague to boost energy security by shifting away from fossil fuels.

This undated file photo, provided by Korea Hydro & Nuclear Power Co., shows the Dukovany nuclear power plant, located around 170 kilometers southeast of Prague. (PHOTO NOT FOR SALE) (Yonhap)
FILE - A man fishes with the towering Dukovany nuclear power plant in the background, in Dukovany, Czech Republic, Sept. 27, 2011. (AP Photo/Petr David Josek, File)
This file photo, provided by the industry ministry, shows Industry Minister Ahn Duk-geun (L) with Czech Prime Minister Petr Fiala in Prague on May 7, 2025. (PHOTO NOT FOR SALE) (Yonhap)
The Czech Republic relies on nuclear power for 40 percent of its electricity consumption

Overview

  • The Czech Supreme Administrative Court lifted a lower court injunction on June 4, clearing the path for finalizing the Dukovany nuclear contract.
  • Prague and South Korea’s KHNP formalized the $18.6 billion deal electronically, marking KHNP’s first overseas nuclear project since 2009.
  • The contract calls for construction of two 1,063-megawatt APR-1000 reactors adjacent to Dukovany’s four existing units, with work slated to begin in 2029.
  • KHNP has agreed to source 60 percent of equipment and services from Czech suppliers to bolster domestic industry.
  • The new reactors are scheduled for trial operations in 2036 and 2038 to strengthen the Czech Republic’s energy security and reduce reliance on fossil fuels.