Tag: khnp

khnp

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Korea Electric Power Corporation headquarters in Naju, South Jeolla [YONHAP]

Kepco, KHNP reportedly agree to resolve UAE plant project dispute at home

The Korea Electric Power Corporation and Korea Hydro & Nuclear Power have reached a preliminary agreement to domestically settle a legal dispute over payments involving a United Arab Emirates power plant project, informed sources said Friday.

2026.3.27

A view of the Kori-2 nuclear reactor, left, seen from Gijang County, Busan, on Nov. 13. [SONG BONG-GEUN]

Nuclear industry relieved by Kori-2 extension, but issues remain

Concerns about a "second nuclear phaseout" were raised early in the Lee Jae Myung administration, but the decision to keep nuclear power plants in operation has brought relief to the nuclear power industry.

2025.11.13

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The fourth and final unit of the Korean-built Barakah Nuclear Energy Plant in the United Arab Emirates [KOREA ELECTRIC POWER]

Kepco, KHNP to spend combined $26M won in lawsuits over dispute

Korea's two public energy firms are expected to spend nearly 37 billion won on lawsuits filed against each other over a payment dispute involving a major nuclear power plant project in the United Arab Emirates.

2025.10.5

Whang Joo-ho, president of Korea Hydro & Nuclear Power (KHNP), answers lawmakers’ questions regarding the agreement reached earlier this year with Westinghouse to end an intellectual property dispute during an Industry, Trade, and Energy Committee meeting at the National Assembly in Yeouido, western Seoul, on Aug. 19. [YONHAP]

KHNP president offers to resign amid controversy over settlement deal with Westinghouse

Whang Joo-ho, president of the state-run Korea Hydro & Nuclear Power (KHNP), has offered to step down, industry sources said Wednesday.

2025.9.17

This image, provided by Korea's state-run Korea Hydro & Nuclear Power on Sept. 4, shows a groundbreaking ceremony at Romania's Cernavoda nuclear power plant. [KOREA HYDRO & NUCLEAR POWER]

Global consortium involving KHNP to refurbish Romania's nuclear reactor

A global consortium involving Korea Hydro & Nuclear Power (KHNP) has launched a large-scale project to refurbish an aging nuclear reactor at Romania's Cernavoda power plant, the state-run company said Thursday.

2025.9.4

Korea Hydro & Nuclear Power (KHNP) President and CEO Whang Joo-ho speaks during a National Assembly session on the intellectual property settlement with U.S.-based Westinghouse at the National Assembly in Yeouido, western Seoul, on Aug. 19. [YONHAP]

KHNP CEO to meet Westinghouse officials in U.S. for joint venture discussions

Whang Joo-ho, President and CEO of KHNP, will visit the United States on Saturday to meet with officials from Westinghouse Electric Company (WEC) and sign an agreement to establish a joint venture aimed at penetrating the U.S. nuclear power market.

2025.8.20

A bird's-eye view of the construction of the new Dukovany nuclear power plant in the Czech Republic [KOREA HYDRO & NUCLER POWER]

Critics raise concerns over Westinghouse deal's impact on Korea's nuclear industry

The agreement KHNP and Kepco signed earlier this year with Westinghouse to end their intellectual property dispute reportedly includes a clause requiring Korea to provide Westinghouse with royalties amounting to $825 million for every reactor.

2025.8.19

Nuclear reactors at the Kori Nuclear Power Plant in Busan are seen on June 26. [NEWS1]

Korea to shut down Kori-4 nuclear reactor; decision on life span extension pending

Korea is set to terminate the operation of the Kori-4 nuclear reactor on Wednesday as it has reached the end of its life span, its operator said.

2025.8.6

Cooling towers operating at the Dukovany nuclear power plant operated by CEZ AS, near the village of Dukovany, Czech Republic, on May 12, 2025 [EPA/YONHAP]

Czech Republic finalizes $18B nuclear power contract with Korea, overcoming French opposition

The Czech Republic signed a final contract with Korea Hydro & Nuclear Power (KHNP) to build two nuclear reactors on Wednesday, just hours after the country’s Supreme Administrative Court cleared the way for the deal.

2025.6.4

Highest Czech court says KHNP's nuclear deal can proceed

The Supreme Administrative Court of the Czech Republic lifted an injunction blocking KHNP's nuclear plant deal, allowing contract progress despite ongoing legal disputes from rival EDF.