Explainer: What's at stake for EDF in Czech nuclear tender? [Reuters]
Korea Electric Power Corporation (KEP)
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home.kepco.co.kr/kepco/en/ntcob/list.do?boardcd=brd_000242&menucd=en03040201
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Source: Reuters
The French state-owned company said on Tuesday that it had submitted an updated bid for the project and expects a decision from Czech utility CEZ this year. WHY IS THIS PROJECT IMPORTANT FOR EDF? If it wins, it would be the company's first overseas contract since it landed the Hinkley Point project in Britain in 2016, marking a major vote of confidence in the company. At home, EDF has yet to complete its first EPR (European Pressurized Reactor) at after a delay of 12 years and faces scepticism about its ability to execute plans for another six new reactors in the country. "Everyone has an eye on Prague's decision," Vakis Ramany, EDF senior vice president in charge of international new nuclear development, said ahead of the bid submission. WHY IS THE CZECH CONTRACT IMPORTANT FOR EUROPE? A win is not just critical to the company but also to its strategy to lower costs and increase the efficiency of other nuclear reactors planned in France and across Europe. Europe's leadi
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News
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- Korea Electric Power Corporation Files 2023 Annual Report on Form 20-FPR Newswire
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KEP
Analyst Actions
- 2/26/24 - Citigroup Inc.
KEP
Sec Filings
- 5/10/24 - Form 6-K
- 5/7/24 - Form 6-K
- 4/30/24 - Form 20-F
- KEP's page on the SEC website