Industry minister confirms nuclear timeline with KHNP in South Korea

Czech Industry Minister Lukáš Vlček met with KHNP CEO Wang Joo-ho in South Korea, confirming that construction of two new nuclear reactors at Dukovany will stay on schedule and within budget. The two will meet again next week in Prague at an event for Czech companies interested in the project.

Mr. Vlček’s visit to South Korea wraps up his working trip to Asia, which also included stops in Vietnam and Japan.

The Czech government approved the Dukovany project last July, selecting South Korea’s KHNP over France’s EDF. The contract was signed on June 4, after the Supreme Administrative Court cleared the way by lifting a legal block.

The first reactor is slated for completion in 2036. With current cost estimates at 407 billion crowns, the project will be the largest public investment in Czechia’s history.