Czech court blocks signing of $18 billion nuclear plant deal with KHNP

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PRAGUE :A Czech court has blocked electricity firm CEZ from signing a contract worth at least $18 billion with South Korea's KHNP to build a new nuclear power plant until the court has handled a complaint from the losing bidder, France's EDF.

CEZ and the government have said KHNP's offer beat EDF's in the vast majority of criteria.

It does not indicate how the court will rule in the merit of the case," an UOHS spokesperson said.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCzech RepublicFranceSouth Korea

Topics: Contract Power Uohs Plant Government Court Khnp Nuclear Czech Build Decision

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 18:36:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 515 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 28439484

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