Seoul to launch emergency response system for Czech nuclear project

Korea will launch an emergency management system to keep its nuclear power plant project in the Czech Republic on track following the breakdown of contract negotiations with a construction consortium, the industry ministry said Monday. Under the system, the government plans to draw up measures to keep the Czech project on track and prevent a recurrence of similar setbacks, according to the Ministry of Trade, Industry and Resources. The move comes after Korea Hydro & Nuclear Power Co. (KHNP), the country's state-run nuclear power operator, ended negotiations last week with a Korean consortium comprising Daewoo Engineering & Construction Co. and Doosan Enerbility Co. on a construction contract for the Dukovany nuclear power plant project, after failing to agree on key terms. The ministry is set to hold its first meeting on Monday to discuss follow-up measures. KHNP said it would formally conclude the negotiations and begin preparations for a new tender to select a construction contractor. The company aims to sign a contract with a new consortium by July 2027 to allow construction to begin i