New Energy
Korea Edges Ahead of Rivals to Build Europe’s Nuclear Reactors
- Korean firm awarded multibillion dollar Czech project
- State-backed, all-inclusive package gives Seoul an edge
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South Korea’s long-held ambition of exporting its nuclear power technology got a major boost this week, potentially setting it up to be the reactor provider of choice to several countries.
State-owned Korea Hydro & Nuclear Power Co. was chosen to build two multibillion-dollar reactors in the Czech Republic, beating out rivals and paving the way for Korean companies to potentially score a string of deals across the continent.