Overview

• South Korea's KHNP will construct two APR-1000 reactors at the Dukovany nuclear power plant in the Czech Republic under a $18.2 billion contract.
• The final agreement is scheduled to be signed on May 7, following the Czech government's announcement of the deal's conclusion on April 30.
• This is South Korea's first overseas nuclear reactor export since the Barakah project in the UAE in 2009, signifying a major milestone for its nuclear industry.
• The deal follows the resolution of an intellectual property dispute with Westinghouse in January and the rejection of EDF's appeal by Prague's competition authority in March.
• The Czech Republic aims to phase out coal by 2033, and this project aligns with broader European efforts to enhance energy security and diversify power sources.