On the 5th, news that a final contract worth about 25 trillion won for a new nuclear power plant in the Czech Republic was signed has led to strong performances in domestic nuclear power stocks.
As of 9:11 a.m. on the 5th, KEPCO Industrial shares are trading at 13,570 won, up 2,170 won (19.04%) from the previous trading day in the securities market.
Domestic nuclear power-related stocks, including KEPCO E&C (10.31%), Daewoo E&C (9.22%), Doosan Enerbility (5.16%), and KEPCO KPS (4.98%), have also all shown upward trends.
According to Korea Hydro & Nuclear Power (KHNP), KHNP and the Dukovany II Nuclear Power Plant (EDU II) signed a main contract for the Czech new nuclear power project on the 4th (local time).
Earlier, a Czech district court issued an injunction prohibiting the signing of a contract in response to a lawsuit by Electricité de France (EDF), a competitor in the bid for the Czech new nuclear power project, but the Supreme Administrative Court ultimately overturned the injunction, allowing the contract to be signed.
KHNP is expected to support all nuclear plant construction services, including design, procurement, construction (EPC), commissioning, and nuclear fuel supply, as the main contractor alongside team Korea members such as KEPCO E&C (design), Doosan Enerbility (construction), Daewoo E&C (construction), KEPCO Fuel (nuclear fuel), and KEPCO KPS (commissioning and maintenance).