Doosan Enerbility and Daewoo E&C stocks dropped sharply in the pre-market on the 7th. Investment sentiment seems to have contracted as a local court intervened just before the main contract for the new construction project of the Dukovany Nuclear Power Plant in the Czech Republic was signed.
Doosan Enerbility shares traded at 24,950 won at 8:41 a.m. on the 7th on NextTrade. The stock price fell by 9.93% (2,750 won) compared to the previous trading day. At the same time, Daewoo E&C's stock price also declined by 5.42% (195 won) to remain at 3,405 won.
Overnight, the Brno Regional Court in the Czech Republic granted a request for a preliminary injunction filed by Electricité de France (EDF), the final competitor for the Dukovany Nuclear Power Plant project, and ordered a halt to the final contract signing between Korea Hydro & Nuclear Power and ČEZ.
Originally, a contract signing ceremony for the new nuclear power plant was scheduled to take place in Prague, Czech Republic, on the same day. To attend the ceremony, a government delegation, including Minister Anduk-geun, and a parliamentary delegation departed for the Czech Republic through Incheon International Airport the day before.
Despite the court's decision, there are prospects that the contract will not be voided, but the schedule has become more likely to be postponed. The Czech nuclear power construction project is a large-scale undertaking to construct two 1,000 MW-class reactors (APR1000), starting in 2029 and completing in 2037. Korea Hydro & Nuclear Power formed 'Team Korea' with Doosan Enerbility and Daewoo E&C to participate in the bidding and secured the status of preferred bidder.