A US nuclear energy company has appealed to the Czech Republic after a South Korean company was chosen as the preferred bidder for a nuclear power project in the country. Westinghouse Electric Co. alleged that the Korean company, Korea Hydro & Nuclear Power, utilized its licensed technology without proper authorization and warned that the decision could result in job losses in the US and Europe. The US firm emphasized that only it has the legal right to export the technology and expressed concerns about the potential impact on clean energy jobs. The South Korean consortium, led by Korea Hydro & Nuclear Power, was selected as the preferred bidder for the Czech nuclear power plant project, which is valued at around $18.04 billion. Westinghouse raised objections to the use of its technology and highlighted the potential loss of jobs, stating that it will continue to defend its intellectual property rights through ongoing international arbitration and US litigation. The dispute has led to close consultation between the South Korean presidential office and the US government, with debates in South Korea regarding the applicability of US export control regulations to its domestically mastered reactor exports.
A US nuclear energy company has appealed to the Czech Republic after a South Korean company was chosen as the preferred bidder for a nuclear power project in the country. Westinghouse Electric Co. alleged that the Korean company, Korea Hydro & Nuclear Power, utilized its licensed technology without proper authorization and warned that the decision could result in job losses in the US and Europe. The US firm emphasized that only it has the legal right to export the technology and expressed concerns about the potential impact on clean energy jobs. The South Korean consortium, led by Korea Hydro & Nuclear Power, was selected as the preferred bidder for the Czech nuclear power plant project, which is valued at around $18.04 billion. Westinghouse raised objections to the use of its technology and highlighted the potential loss of jobs, stating that it will continue to defend its intellectual property rights through ongoing international arbitration and US litigation. The dispute has led to close consultation between the South Korean presidential office and the US government, with debates in South Korea regarding the applicability of US export control regulations to its domestically mastered reactor exports.