Czech Nuclear Project Injunction Lifted: KHNP Signs Main Contract, Daewoo E&C in Discussion for Construction Contract - Long-term Growth Driver Expected
The Czech Supreme Administrative Court dismissed EDF's injunction, confirming KHNP signed the main contract for the new Czech nuclear power plant. Daewoo E&C is currently negotiating a construction contract with KHNP.
The project is valued at approximately 24 trillion KRW, and if Daewoo E&C secures the construction contract, it could contribute significantly to revenue and profit over several years. However, the construction contract is not yet finalized.
This disclosure marks a major milestone after multiple earlier clarifications since July 2024, reducing legal uncertainty and positively impacting the stock outlook.
[AI Summary]The Czech nuclear project is a key long-term growth driver for Daewoo E&C; while the injunction removal significantly reduces uncertainty, the actual revenue contribution depends on the finalization of the construction contract.
KOSPI Filing Information
Filing: Explanation on Rumors or Reports (Unconfirmed)
Company: Daewoo Engineering & Construction (047040)
Submission: Daewoo Engineering & Construction Co., Ltd.