Czechs sign nuclear deal with S.Korea firm KHNP: PM

The Czech Republic relies connected atomic powerfulness for 40 percent of its energy consumption. Photo: Michal Cizek / AFP/File
Source: AFP

A Czech state-run institution signed Wednesday a woody with South Korea's KHNP to physique 2 atomic reactors successful the EU state aft a tribunal dismissed a bid by France's EDF to artifact the deal.

A Czech tribunal had blocked the multi-billion-dollar woody successful May aft French energy radical EDF filed a complaint, questioning the transparency of the tender which it lost.

But a higher tribunal threw retired the ruling connected Wednesday implicit procedural flaws, enabling Fiala's authorities to ink the deal.

"A portion agone we signed an statement connected the proviso of 2 units for the Dukovany atomic plant," Fiala told reporters.

"We did our champion to marque definite the woody can beryllium signed the instant the ineligible obstacles are removed," helium said.

He hailed the signature arsenic a "fundamental measurement connected the mode to higher vigor information and self-sufficiency".

KHNP is owed to physique the 2 units astatine the confederate Czech atomic works of Dukovany tally by the state-run CEZ group.

The Czech Republic, an EU subordinate of 10.9 cardinal people, relies connected atomic powerfulness -- produced by Dukovany and the Temelin works besides successful the southbound -- for 40 percent of its energy consumption.

With the 2 caller units and tiny modular reactors owed to beryllium built by 2050, the stock of atomic vigor is expected to emergence to 50 percent arsenic the state shifts distant from burning fossil fuels.

Fiala said earlier KHNP won the tender arsenic its bid was "better successful each criteria assessed" than EDF's offer.

On Wednesday, helium said KHNP has vowed to manus 60 percent of the declaration to Czech suppliers.

KHNP has offered to physique the 2 caller units for astir 200 cardinal Czech koruna ($9 billion) each.

Prague expected to finalise the woody with KHNP by March this year, but complaints by EDF delayed the process.

CEZ expects operation to statesman successful 2029 and the archetypal caller reactor launched successful proceedings cognition successful 2036.

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Source: AFP