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KHNP, Daewoo Split on Czech Nuclear Deal
Korea Hydro & Nuclear Power (KHNP) ended negotiations with a consortium of Daewoo E&C and Doosan Enerbility over a construction contract for the Dukovany nuclear power plant project in the Czech Republic, announced Thursday. The project is valued at 26 trillion won ($19.4 billion) per Korea Times, or 27 trillion won ($20.23 billion) per Business Korea. Yonhap reports KHNP, South Korea's state-run nuclear operator, terminated the talks, with Business Korea noting conflict erupted within "Team Korea" over the contract. The breakdown sent Daewoo E&C and Doosan Enerbility shares tumbling, according to Business Korea. Korean media coverage focuses on the contract failure and its market impact, with Business Korea reporting that KHNP formally ended negotiations and that the move has dealt a blow to the Korean consortium.


















