KHNP

June 19 (UPI) — Korea Hydro & Nuclear Power, or KHNP, said Thursday that its CEO Kim Hoe-chun has traveled to the Czech Republic to review progress on the construction of two nuclear reactors in the European country.

The state-backed utility noted that Kim took part in a meeting of the Dukovany Steering Committee in Prague alongside South Korea’s Minister of Trade, Industry and Resources Kim Jung-kwan and Czech Deputy Prime Minister Karel Havlicek.

Kim’s visit is timed with the first anniversary of the signing of an $18 billion contract to build two 1,000-megawatt reactors in Dukovany, located around 120 miles southeast of the Czech capital.

Groundbreaking is targeted for 2029, with commercial completion expected by 2037. The South Korean consortium includes such industrial partners as Daewoo E&C and Doosan Enerbility.

The two sides also discussed ways to strengthen bilateral nuclear cooperation, while companies from the two countries signed an engineering support agreement related to the project, according to KHNP.

Kim also toured the manufacturing facilities of Doosan Skoda Power in Plzen, situated roughly 55 miles west of Prague. The Czech turbine manufacturer owned by the Doosan Group is expected to play a key role in the Dukovany program.

“The Dukovany project is a monumental endeavor that symbolizes the strategic partnership between South Korea and the Czech Republic,” Kim said in a statement.

“We will work closely with the Czech government, the project owner, local communities, and Czech companies to make this project a model for the safest and most successful nuclear power plant construction in the world,” he added.

June 18 (UPI) — Korea Hydro & Nuclear Power said Thursday that it has selected two sites in the country’s southeastern region for the construction of three new nuclear reactors over the next decade.

The state-backed utility noted that its committee, comprising outside experts, chose Yeongdeok County, located about 185 miles southeast of Seoul, and Gijang County, roughly 200 miles southeast of the capital, after a year-long evaluation process.

Yeongdeok County will host two 1.4-gigawatt large-scale nuclear reactors, while Gijang County will be home to a 0.7-gigawatt small modular reactor, or SMR, according to KHNP. Two local governments competed for each project.

Earlier this year, the Ministry of Climate, Energy and Environment said that it aims to secure construction approval for the three reactors in the early 2030s and bring them online by 2037 and 2038.

The incumbent administration was initially skeptical about building additional nuclear plants but later changed its stance as electricity demand surged amid the AI boom and the rapid expansion of data centers.

As of the end of last year, KHNP operated 26 nuclear reactors across South Korea and was building four additional units. Currently, nuclear power accounts for around one-third of the nation’s energy mix.

“We extend our gratitude to all local governments and residents who showed such passionate interest in hosting the projects, and we express our sincere regret to the regions that were not selected,” KHNP said in a statement.

The utility added that residents’ opinions gathered during the selection process, including both support for and opposition to nuclear development, would be reflected in future cooperation plans with local communities.

KHNP is not publicly listed.