Doosan Enerbility's shares have fallen by over 7% following the announcement that negotiations for the construction contract of the new Dukovany nuclear power plant in the Czech Republic have concluded. However, the company stated that this negotiation's end does not affect the contracts for the supply of reactor and turbine generator equipment.
As of 2:32 PM on the Korea Exchange, Doosan Enerbility's stock was trading at 56,700 won, down 4,700 won (7.65%) from the previous trading day. The stock opened at 60,600 won and briefly dropped to 53,400 won during the session.
Korea Hydro & Nuclear Power (KHNP) announced earlier in the day that it intends to conclude negotiations with the consortium of Daewoo Engineering & Construction and Doosan Enerbility regarding the construction contract for the Dukovany nuclear power plant.
KHNP explained that the decision was due to differences in key contract terms between the two parties. Despite efforts through practical negotiations, dispute resolution committees, and executive discussions, they were unable to reach a final agreement.
Previously, KHNP had pre-selected the Daewoo consortium as the contractor for the Dukovany nuclear project in 2018 and signed a joint cooperation agreement with 'Team Korea,' which included the consortium.
Nonetheless, Doosan Enerbility maintains that the conclusion of these negotiations does not impact the contracts for reactor and turbine generator equipment supply. The company stated that it received verbal notification from KHNP regarding the end of the construction contract negotiations and emphasized that the supply contracts remain unaffected.
* This article has been translated by AI.
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