Published by Global Banking & Finance Review®
Posted on April 10, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleCEZ will sign a contract with KHNP for two new units at Dukovany nuclear plant this quarter, valued at 400 billion crowns.
PRAGUE (Reuters) - The Czech Republic's majority state-owned power company CEZ will sign a contract with South Korea's KHNP on building two new 1,000-megawatt units at the Dukovany nuclear power plant this quarter, Finance Minister Zbynek Stanjura said on Thursday.
The contract, expected to be worth at least 400 billion crowns ($17.56 billion), was originally due to be signed by March but has been subject to the finalisation of details and some uncertainty due to a complaint by losing bidder EdF, along with political turmoil in South Korea and pressure by Czech firms over the level of localisation in the Czech Republic.
"I cannot tell you but I already know the date, so it is not fiction... it will certainly be in this quarter," Stanjura told reporters.
($1 = 22.7730 Czech crowns)
(Reporting by Jan Lopatka; Editing by Jason Hovet)
The main topic is the Czech Republic's contract with KHNP for expanding the Dukovany nuclear power plant.
The delay was due to a complaint by losing bidder EdF and political issues in South Korea.
The contract is expected to be worth at least 400 billion Czech crowns.
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