With a confidential Westinghouse settlement in place, Seoul’s nuclear push now depends on pricing, politics and demand
South Korea and the Czech Republic reaffirmed their commitment to energy and nuclear cooperation during ministerial talks in Seoul on Monday and Tuesday. The 2nd South Korea-Czech Supply Chain & Energy Dialogue focused on expanding collaboration in nuclear power, advanced industries and clean energy. The South Korea-Czech Energy Technology Forum brought together over 150 government, industry and research leaders to discuss carbon-free energy technologies, including nuclear power, hydrogen and energy storage systems.
The meetings come as Korea Hydro and Nuclear Power (KHNP) awaits the finalization of its $17.4 billion contract to build the Dukovany Nuclear Power Plant in the Czech Republic. The deal was delayed by a temporary regulatory review after legal challenges from Westinghouse (U.S.) and EDF (France). The settlement between Westinghouse, KEPCO and KHNP in January resolved the intellectual property dispute, clearing a path for the Czech project to move forward. However, the specific terms of the settlement remain confidential.
South Korea and the Czech Republic reaffirmed their commitment to energy and nuclear cooperation during ministerial talks in Seoul on Monday and Tuesday. The 2nd South Korea-Czech Supply Chain & Energy Dialogue focused on expanding collaboration in nuclear power, advanced industries and clean energy. The South Korea-Czech Energy Technology Forum brought together over 150 government, industry and research leaders to discuss carbon-free energy technologies, including nuclear power, hydrogen and energy storage systems.
The meetings come as Korea Hydro and Nuclear Power (KHNP) awaits the finalization of its $17.4 billion contract to build the Dukovany Nuclear Power Plant in the Czech Republic. The deal was delayed by a temporary regulatory review after legal challenges from Westinghouse (U.S.) and EDF (France). The settlement between Westinghouse, KEPCO and KHNP in January resolved the intellectual property dispute, clearing a path for the Czech project to move forward. However, the specific terms of the settlement remain confidential.
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