A Czech goverment official visiting Korea announced that the construction of a new nuclear power plant in the Czech Republic will be carried out wiht Czech government funds.
After the Czech government selected korea Hydro & Nuclear Power (KHNP) as the preferred negotiating party for the additional construction of the Dukovany nuclear power plant, suspicions were raised in domestic political circles that the government had promised financial support, which the Czech side effectively denied.
Thomas Eller, Acting Director of Nuclear New technology at the czech Ministry of Industry, who visited Korea to attend the ‘Korea-Czech Republic Future Forum’ held in Seoul on the 28th, said in a media interview, “The financial model for czech Republic’s Dukovany Unit 6 is expected to be finalized by the end of this year. “It is indeed expected that the Czech government will provide a state loan,” he said.
In July of this year, the Czech government selected Korea Hydro & Nuclear Power Corporation as the preferred negotiating partner for the construction project of two new nuclear power plants (Dukovany Units 5 and 6) worth 24 trillion won.Among these, Unit 5 has been confirmed to be built with the Czech government’s budget, and it has been announced that unit 6 will also be built with funds from the Czech government.
After winning the Czech nuclear power plant order, suspicions were raised in Korea, led by the Democratic Party of Korea, that the Korean government was taking orders at low prices by promising low-interest loans.
In response to this, the government has explained that it only attached a letter of intent (LOI), which is usually accompanied by an international bidding process, and did not promise to provide actual funds or provide financial support.
Currently, the two countries are negotiating detailed conditions, including price, with the goal of signing a final contract for the construction of the second nuclear power plant by March next year.
Meanwhile, Director Eller said regarding the intellectual property dispute between Korea Hydro & Nuclear Power and westinghouse of the United States, “The Czech government has requested both Korea Hydro & Nuclear Power and Westinghouse to resolve the dispute and has been actively supporting this process,” adding, “The Korean-U.S. “We welcome the news of the tentative agreement between governments,” he said.
Sejong = Reporter kim Do-hyung [email protected]
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