Korea Hydro & Nuclear Power (KHNP) has begun full-fledged negotiations with about 150 local corporations ahead of building two reactors at the Dukovany nuclear power plant in the Czech Republic. KHNP has said it would work to ensure that about 60% of the project cost for constructing the Dukovany plant in the Czech Republic (about 26 trillion won) can be awarded to local corporations.
On the 6th, according to the nuclear power industry, KHNP has been holding individual meetings with more than 150 Czech corporations since the end of last month to discuss participation in the nuclear project. Not only construction companies but also various equipment corporations took part in the meetings, and they are said to have shared detailed information such as bidding conditions, construction schedules, and the overall construction plan.
Doosan Enerbility, KEPCO E&C, Daewoo E&C, and others participating in the Czech nuclear project with KHNP are also holding individual meetings to find local partners. Although they have signed business agreements with more than 50 local corporations so far, additional cooperation is needed in various areas such as equipment bidding, parts supply, construction, and engineering.
The Czech government has consistently asked that the localization rate be set at 60% during the nuclear plant construction process to develop its domestic industry. Although a binding localization target was not included in the final contract, KHNP said it would meet the Czech side's request as much as possible. Doosan Enerbility's Czech subsidiary Doosan Skoda Power is expected to raise the localization rate by supplying main equipment such as power generation turbines.
Earlier this month in Seoul, a high-level executive meeting was also held between KHNP and Dukovany Nuclear Power Plant (EDU II), a subsidiary of the Czech power company (CEZ). It is a monthly meeting to check the progress of the Dukovany nuclear project, which had been held via video and was conducted face to face for the first time. Dukovany Unit 1 is scheduled to be completed in 2036, and Unit 2 in 2038.