Czechs to sign contract with KHNP on nuclear plant this quarter

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Czechs to sign contract with KHNP on nuclear plant this quarter - Channel News Asia

Quick Summary:

PRAGUE : The Czech Republic's majority state-owned power company CEZ will sign a contract with South Korea's KHNP on building two new 1,000-megawatt units at the Dukovany nuclear power plant this quarter, Finance Minister Zbynek Stanjura said on Thursday.

FILE PHOTO: Czech electricity producer CEZ's logo is seen on the company's headquarters in Prague March 17, 2013.

The contract, expected to be worth at least 400 billion crowns ($17.56 billion), was originally due to be signed by March but has been subject to the finalisation of details and some uncertainty due to a complaint by losing bidder EdF, along with political turmoil in South Korea and pressure by Czech firms over the level of localisation in the Czech Republic.