The Czech Republic made headlines last week by awarding South Korea a contract to build nuclear reactors, beating out France. The decision to build two units at the Dukovany power plant marks a significant step in the country’s energy strategy. Construction is set to begin in 2029, with the first reactor expected to go online by 2036. The cost of the Korean offer, around €8 billion per unit, played a key role in the decision.
Excluding Russia and China from the tender gave South Korea an advantage due to their competitive pricing and track record. The decision to go with Korea over France was unexpected but strategic. The move may impact relations with France but aligns with Czechia’s push for a more diverse energy mix.
Despite some controversy, the Czech government sees the deal with South Korea as a win for their domestic politics. With doubts lingering about the actual cost of the project, time will tell how this decision shapes the country’s energy future.
Article Edited by: Aingeal Flanagan
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