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Ministry of Trade, industry and Energy PRESS CENTER Press Releases

Press Releases

Team Korea Selected as Preferred Bidder for New Nuclear Power Plants in Czech Republic
  • Registration date2024-07-19
  • Attached file

Preferred bidder announced

On Wednesday, July 17, at approximately 8:50 p.m. (1:50 p.m. local time), the Czech government announced that it has selected Korea Hydro & Nuclear Power (KHNP) as the preferred bidder for the construction of new nuclear power plants. The project to build up to four large nuclear reactors in Dukovany and Temelin is known as the largest investment project in the history of the Czech Republic.

According to the Czech government, the total estimated cost of the project is about CZK 200 billion (KRW 12 trillion) for the first phase and CZK 400 billion (KRW 24 trillion) for the second phase, of which the amount of the contract with KEPCO will be finalized after further negotiations.

For the project, KEPCO (prime contractor) will form Team Korea with KEPCO E&C (design), Doosan Enerbility (main equipment & construction), Daewoo E&C (construction), KEPCO NF (nuclear fuel), and KEPCO KPS (commissioning and maintenance).

Significance

Being selected as the preferred bidder in the bid for a new nuclear power plant in the Czech Republic marks the Company’s entry into the European market, home to the first commercial power plant after the Middle East. Korea, which introduced European-style nuclear power plants in 1982, has now become a country capable of exporting nuclear power plants to Europe.

This achievement will further accelerate the restoration of the nuclear ecosystem that the Korean government has been focusing on.

Future plans

This nuclear power project will mark the beginning of a new chapter in Korea-Czech Republic relations, as a nuclear power project is something that requires more than a century of cooperation between the two parties. In 2025, the 35th anniversary of Korea-Czech Republic diplomatic relations, the two countries will deepen their strategic partnership and actively identify and promote cooperation projects, by signing a framework for trade and investment promotion and expanding joint R&D in science, technology, industry, and energy.