Korea Hydro & Nuclear Power selected for Czech Reactor Bid

Korea Hydro & Nuclear Power has been selected as a preferred bidder for a project to build nuclear power plants in the Czech Republic, which is estimated to cost over USD 17 billion. Czech government had announced that nuclear power will be further endorsed to phase out coal-based energy production and chose Korea Hydro & Nuclear Power as the preferred bidder for the country’s new nuclear reactor project.

To drum up support for Korea’s bid, President Yoon Suk Yeol met with Czech President Petr Pavel at last week’s NATO Summit. The Korean government called it the greatest feat since Korea won the Barakah nuclear plant project in the United Arab Emirates fifteen years ago.