Korea Hydro & Nuclear Power: "Seize the 8 Trillion Won Czech Nuclear Power Project"

"Full-scale Bid for Construction Project of 1000~1200MW Nuclear Power Plant Unit"
President Jeong Jae-hoon Flies to Prague to Meet Nuclear Power Special Envoy for Direct Sales

Jaehoon Jeong, President of Korea Hydro & Nuclear Power, visited Prague, Czech Republic, and met with Jaroslav M?l, Czech Special Envoy for Nuclear Power, and executives of CEZ, the Czech power company, to discuss cooperation plans in the nuclear power sector between Korea and the Czech Republic, including new nuclear power projects. Special Envoy M?l is the overall manager of the Czech new nuclear power project. (Photo by Korea Hydro & Nuclear Power)

[Asia Economy Reporter Moon Chaeseok] Korea Hydro & Nuclear Power (KHNP) has launched an all-out effort to win the 8 trillion won-scale Czech new nuclear power plant contract. Despite the global spread of the novel coronavirus disease (COVID-19), President Jeong Jae-hoon flew to the Czech Republic to personally engage in sales activities.

According to KHNP on the 8th, President Jeong visited Prague, Czech Republic on the 2nd and expressed his intention to participate in the year-end bidding for the Czech new nuclear power plant project to the Czech government and the ordering party. The project involves constructing one nuclear power plant unit with a capacity of 1000 to 1200 MW (megawatts) in the Dukovany area of the Czech Republic.

The Czech side notified KHNP in July of the finalized supply model for the new nuclear power plant project and the future project schedule. They formalized the project plan for nuclear power plant construction and plan to issue the bidding guidelines by the end of this year. Once the bidding guidelines are issued, a six-month process of preparing and submitting bids will follow, after which evaluations of suppliers will be conducted.

President Jeong met with Jaroslav Mil, the Czech special envoy for nuclear power and the overall person in charge of the Czech new nuclear power plant project, as well as executives of CEZ (Czech Power Company), to discuss cooperation plans in the nuclear power sector between Korea and the Czech Republic, including the new nuclear power plant project. He then visited the Czech Parliament to meet members of the Nuclear Energy Standing Committee and the chairman of the Korea-Czech Parliamentary Friendship Association, promoting Korea’s excellent nuclear technology and safety, and clearly expressing his intention to participate in the Czech project.

A KHNP official stated, "President Jeong’s visit to the Czech Republic was arranged following a video conference last month between Minister Sung Yun-mo of the Ministry of Trade, Industry and Energy, Czech Minister of Industry Karel Havl??ek, and the nuclear special envoy," adding, "It served as an opportunity to consecutively convey the strong intention of the Korean government and KHNP to participate in the project."

President Jeong also carried out various local contract activities to maintain a friendly relationship through continuous exchanges and mutual cooperation between Korea and the Czech Republic.

In the Dukovany new nuclear power plant construction area, he met with representatives of four local nuclear-related companies?NUVIA, I&C Energo, TES, and MICO?and signed memorandums of understanding (MOUs) and held localization strategy meetings. The MOUs were signed to establish a full-cycle cooperation system for nuclear power plants and to collaborate on localization efforts, including nuclear power plant operation, maintenance, and research and development (R&D).

He also visited the social welfare institution STRED near the Dukovany nuclear power plant to deliver supplies to social welfare facilities and schools in the new nuclear power plant construction area. Additionally, he donated 450,000 domestically produced masks to the Trebic City Hall near Dukovany for local residents. KHNP also signed an agreement to continue sponsoring the local Czech ice hockey team, which it has supported since 2018.

President Jeong emphasized, "It is very encouraging that the EPC (Engineering, Procurement, and Construction) supply model proposed by KHNP in February was confirmed as the supply model for the Czech new nuclear power plant," and added, "We will do our best to win the Czech nuclear power plant project by consolidating the experience and capabilities accumulated over the past 50 years."

In July, KHNP formed 'Team Korea,' a dedicated bidding organization for the Czech nuclear power plant project, together with Korea Electric Power Technology, KEPCO Nuclear Fuel, Doosan Heavy Industries & Construction, and Daewoo Engineering & Construction, to compete for the contract. The Czech Republic is considered the most promising country for nuclear power plant exports after the United Arab Emirates (UAE), where Korea first exported nuclear power plants.

This content was produced with the assistance of AI translation services.