Czech puts nuclear power deal signing with S.Korea on hold

Quick Summary:

Westinghouse argued the Korean nuclear reactor model, APR1000, was based on the original design and technology of its APR1400 model, therefore the KHNP and its parent Korea Electric Power Corp.(KEPCO) should be held accountable for any damages caused by their export of the APR1400-modeled nuclear reactors.

For the Czech nuclear reactor project, KHNP has teamed up with Korea Electric Power Corporation Engineering & Construction Company (KEPCO E&C), KEPCO Plant Service & Engineering Co.(KEPCO KPS), KEPCO Nuclear Fuel, Doosan Enerbility Co.and Daewoo Engineering & Construction Co.

The Czech Republic’s anti-trust body put a temporary bloc on the conclusion of a contract with Korea Hydro & Nuclear Power Co.(KHNP) for the construction of a new nuclear power unit following challenges by Westinghouse Electric Corp.and France’s EDF, Reuters reported on Wednesday.

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Article Details

Category: Economy

Markets: South KoreaCzech RepublicFrance

Topics: Westinghouse Nuclear Signing Reuters Deal Czech Korea Korean Contract Khnp Power

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 11:39:36 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 20 lines

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Copyright Owner: © Korea Economic Daily

News ID: 23344371

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