KHNP CEO Visits Czech Republic to Win a Nuclear Power Plant Order

Published: 09.09.2020 Related countries:  Korea (south) Korea (south)

An eight trillion KRW project is on the line

Korea Hydro & Nuclear Power (KHNP) is making all-out efforts to win a new nuclear power plant project in the Czech Republic which will be put out to tender later this year. The Czech Republic is pushing to build one 1,000 MW to 1,200 MW nuclear power plant in the Dukovany region.
KHNP announced on Sept. 4 that despite a difficult situation set off by COVID-19, its CEO Chung Jae-hoon visited the Czech Republic on Sept. 2 and met with officials of the Czech government and the client company to show KHNP's strong will to participate in the planned tender.
The Czech government plans to issue a tender guide later this year. In July, it notified KHNP, one of the major potential contractors, of its project schedule. The Czech government has decided to promote the plant project in the engineering, procurement and construction (EPC) method.
Chung discussed ways to cooperate in nuclear power generation between the two countries with Jaroslav Mil, the nuclear power plant special envoy of the Czech Republic, and top executives of CEZ Group, the largest utility in Central and Eastern Europe.
The EPC turnkey method is the business model used by KHNP for the Barakah Nuclear Power Plant in the United Arab Emirates.
Chung signed a memorandum of understanding (MOU) with representatives of four local nuclear power plant-related companies (NUVIA, I&C Energo, TES, and MICO) in Dukovany on Sept. 3 to build a system for cooperation in the whole cycle of the nuclear power plant and expand nuclear power plant localization.
KHNP formed a Team Korea for the Dukovany nuclear power plant with KEPCO E&C, KEPCO Nuclear Fuel, Doosan Heavy Industries & Construction, and Daewoo Engineering & Construction in July.


Source: BusinessKorea
Prepared by the team of foreign office CzechTrade and CzechInvest Seoul