City
Epaper

Czech antitrust agency denies Westinghouse, EDF complaints over KHNP's nuclear deal

By IANS | Updated: October 31, 2024 22:55 IST

Seoul, Oct 31 The Czech antitrust watchdog said on Thursday it denied complaints from the United States' Westinghouse ...

Open in App

Seoul, Oct 31 The Czech antitrust watchdog said on Thursday it denied complaints from the United States' Westinghouse and France's EDF over the Czech government's decision to pick Korea Hydro & Nuclear Power (KHNP) as a preferred bidder to build two nuclear units.

The Czech Office for the Protection of Competition (UOHS) has temporarily blocked the Czech Republic from signing the deal in response to appeals filed by Westinghouse and EDF.

A South Korean consortium, led by Korea Hydro & Nuclear Power, was chosen as the preferred bidder in July and has been negotiating contract terms to finalise a contract by March, a deal estimated at around 24 trillion won ($18 billion), reports Yonhap news agency.

Westinghouse claimed KHNP's nuclear reactors are based on its technology, while EDF said it wanted to ensure the selection process was fair and transparent.

"The proceedings on the proposals of both companies were mostly terminated, while other parts of the proposals were rejected," the UOHS said in a statement.

The office said Westinghouse's objections to the contracting authority's use of a security exception were dismissed as they were filed after the deadline in March 2022, noting the U.S. company submitted the objection in August.

Both companies also alleged violations in supplier selection, but the office terminated the claims since they did not fall under required public procurement procedures.

The UOHS said EDF and Westinghouse could file an appeal with the chairman, and that Czech electricity producer CEZ cannot sign the deal with KHNP until a final decision is made in the case.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Technology76 pc Indians trust AI, far ahead of global average at 46 pc: Report

EntertainmentLavanya Tripathi, Varun Tej announce they are to turn parents soon!

Business76 pc Indians trust AI, far ahead of global average at 46 pc: Report

NationalResponse to air raid sirens, first-aid, evacuation plan to be key inputs of mock drills tomorrow

TechnologyPM Modi’s resolve transformed India into a global digital leader: Jyotiraditya Scindia

Technology Realted Stories

TechnologyHealth inequities shortening lives by more than 30 years in poor countries: WHO

TechnologyIndia has highest AI skills penetration: UNDP report

TechnologyEarly diagnosis, proper treatment key to manage asthma: JP Nadda

TechnologyIndia projected to have 123 million EVs on roads by 2032: Report

TechnologyAyush manufacturing sector grew 8x in last 10 years, huge potential for economy, export: Centre