Czech nuclear deal collapse sends Daewoo E&C, Doosan Enerbility shares tumbling

KHNP ended construction contract talks with the Daewoo E&C and Doosan Enerbility consortium for the 27 trillion won (~$20.23 billion) Dukovany nuclear project in the Czech Republic. The sides failed to agree on cost calculation and risk allocation. Daewoo E&C shares fell 21.16% and Doosan Enerbility 11.24%.

• Dukovany project is valued at 27 trillion won, about $20.23 billion
• Daewoo E&C shares fell 21.16%, Doosan Enerbility 11.24%
• KHNP aims to pick a new contractor by July 2027
• Main construction is scheduled to start in November 2029