The Czech Republic signed a final contract with Korea Hydro & Nuclear Power (KHNP) to build two nuclear reactors on June 4, just hours after the country’s Supreme Administrative Court cleared the way for the deal.
Czech Prime Minister Petr Fiala announced the agreement during a live press conference on Wednesday, according to Reuters.
KHNP confirmed the signing shortly afterward.
Earlier the same day, the Supreme Administrative Court lifted a lower court injunction that had temporarily blocked the contract between KHNP and Elektrárna Dukovany II (EDU II), a subsidiary of Czech state-owned utility CEZ.
The two parties had been expected to finalize the deal on May 7, but the signing was delayed after a Czech lower court granted an injunction filed by France’s EDF on May 6.
The deal is estimated to be worth up to $18 billion.
BY CHO YONG-JUN [cho.yongjun1@joongang.co.kr]