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KHNP ends talks with consortium on Czech nuclear plant construction contract

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Summary

Korea Hydro & Nuclear Power (KHNP) ended negotiations with a consortium of Daewoo Engineering & Construction and Doosan Enerbility over a construction contract for the Dukovany nuclear power plant project in the Czech Republic on Thursday, after the sides failed to agree on key terms. KHNP said it would formally conclude the talks and prepare a tender to select a new contractor. The project involves two Korean-designed 1,000-megawatt APR1000 reactors and is valued at about 25 trillion won ($17.5 billion). KHNP said the negotiations’ end does not mean the overall project has been cancelled.


Key Facts

  • KHNP said differences over key contract terms led to the breakdown in negotiations with the Daewoo Engineering & Construction and Doosan Enerbility consortium.
  • The Dukovany project is valued at about 25 trillion won, or $17.5 billion.
  • The project calls for construction of two 1,000-megawatt APR1000 reactors, a model designed in Korea.
  • A Korean consortium led by KHNP won the project last year, and the Daewoo-Doosan consortium was designated as the construction contractor.
By Yonhap
  • Published Oct 29, 2026 10:51 am KST
Aerial view of the planned Dukovany nuclear power plant in the Czech Republic / Yonhap

Aerial view of the planned Dukovany nuclear power plant in the Czech Republic / Yonhap

Korea Hydro & Nuclear Power Co. (KHNP), Korea's state-run nuclear power operator, said Thursday it has ended negotiations with a local consortium on a construction contract for a nuclear power plant project in the Czech Republic after the two sides failed to agree on key terms.

"The company has decided to terminate negotiations with a consortium comprising Daewoo Engineering & Construction and Doosan Enerbility for the Dukovany nuclear power plant project. The breakdown is due to differences over key contract terms," KHNP said in a press release.

KHNP said it will formally conclude the negotiations and begin preparations for a tender to select a new contractor.

The Dukovany project, valued at about 25 trillion won ($17.5 billion), involves the construction of two 1,000-megawatt APR1000 reactors, a Korean-designed model, in the Czech Republic.

A Korean consortium led by KHNP won the project last year. KHNP subsequently negotiated a construction contract with the Daewoo-Doosan consortium, which had been designated as the construction contractor.

"The end of the negotiations does not mean the overall nuclear power plant project has been cancelled as KHNP is preparing follow-up measures," the company said.

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