KHNP cleared of foreign subsidy concerns in Czech nuclear plant bid

Korea Hydro & Nuclear Power (KHNP) and Team Korea have been cleared of allegations concerning foreign subsidies related to the Dukovany nuclear power plant project in the Czech Republic. The European Commission has officially notified KHNP that it will not launch an in-depth investigation into the project under the EU's Foreign Subsidies Regulation (FSR).

This decision effectively removes the risk associated with the FSR for the Dukovany nuclear project. The European Commission's preliminary review found no immediate need for further scrutiny regarding potential unfair advantages KHNP might have gained through foreign subsidies during the bidding process.

The clearance from the EU's regulatory body resolves lingering concerns about whether KHNP's bid might have been unfairly supported by government subsidies, which could distort competition within the European single market. The absence of an in-depth investigation suggests that KHNP's proposal met the necessary criteria and did not raise significant red flags under the FSR.

KHNP's participation in the Dukovany project has been a key focus for South Korea's nuclear industry's international expansion efforts. This positive outcome is expected to bolster confidence in KHNP's competitiveness and its ability to secure future international projects.