financetom
Business
financetom
/
Business
/
EDF, Westinghouse appeal against Czech nuclear tender
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EDF, Westinghouse appeal against Czech nuclear tender
Aug 29, 2024 2:42 AM

PRAGUE, Aug 27 (Reuters) - The Czech anti-monopoly

office UOHS has received appeals from France's EDF and U.S.

group Westinghouse over a multibillion-dollar nuclear tender, a

spokesperson said on Tuesday.

The Czech government in July picked South Korea's KHNP to

build two new nuclear power units, and possibly more, choosing

it over EDF. Westinghouse was not invited to the final round of

the tender.

EDF did not immediately comment on its appeal.

Westinghouse said in a statement it had appealed on the

grounds that KHNP did not have a licensing agreement to export

its reactors which are based on Westinghouse technology.

That has been the subject of an ongoing international

arbitration process, and Westinghouse said a decision from the

arbitration was not expected before the second half of 2025.

The Czech Republic has sought to finalise contract details

with Korea Hydro & Nuclear Power (KHNP) by the first quarter

next year.

KHNP said in a statement that "KHNP will respond

sufficiently to the dispute with Westinghouse to avoid negative

impacts on the Czech nuclear project".

Prague earlier this year widened the tender, which was run

by 70%-state-owned energy company CEZ, to have the

option to build multiple units, up from an originally planned

one.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved