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Czech Nuclear Deal Collapses Over Cost Dispute

Korea Hydro & Nuclear Power (KHNP) ended negotiations with the Daewoo E&C and Doosan Enerbility consortium on a construction contract for the Dukovany nuclear plant in the Czech Republic, a project valued at 26-27 trillion won ($19.4-20.23 billion). Yonhap reports KHNP announced the termination Thursday, Oct. 29, with Business Korea noting the breakdown has sent Daewoo E&C and Doosan Enerbility shares tumbling. The dispute centers on construction costs, with KHNP as prime contractor and the consortium as builder. Korean media frame this as a blow to "Team Korea," the consortium leading the project, with Business Korea reporting conflict erupted within the group over the contract. A U.S. official separately called Korean firms' participation in nuclear expansion 'almost mandatory,' underscoring the global stakes. Korean reaction, per Business Korea, highlights the financial hit to the two firms and the strategic setback for Korea's nuclear export ambitions.

  1. Czech Nuclear Deal Breakdown Sends Daewoo E&C, Doosan Enerbility Shares Tumbling Business Korea · 2026-10-29
  2. Daewoo-Doosan Push Back on Czech Nuclear Talks Business Korea · 2026-10-29
  3. KHNP, consortium fail to agree on Czech nuclear plant contract Korea Times · 2026-10-29
  4. (2nd LD) KHNP ends talks with consortium on Czech nuclear plant construction contract Yonhap · 2026-10-29
  5. US official calls Korean firms' participation in nuclear expansion 'almost mandatory' Korea Times · 2026-10-29

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