[Special Report] Poland Nuclear Power Plant Construction Contractor Selection Fails... Nuclear Power-Related Stocks Fall Together

[Asia Economy Reporter Kwon Jae-hee] Korea Hydro & Nuclear Power (KHNP) faced a setback in the selection of the first-phase contractor for Poland's first nuclear power plant construction project, causing nuclear-related stocks to collectively decline.

As of 10:10 AM on the 31st, Doosan Enerbility was trading at 13,150 KRW, down 3.31% from the previous trading day on the KOSPI market. At the same time, KEPCO Engineering & Construction was also trading down 5.79% at 48,800 KRW. Other stocks such as Hanshin Machinery (-4.84%) and Woojin (-3.17%) also showed a downward trend.

KHNP had high expectations for being selected as the contractor for the first phase (approximately 57 trillion KRW) of Poland's first nuclear power plant construction, but ultimately, the American company Westinghouse was chosen.

The new nuclear power project in Poland involves constructing six pressurized water reactors with a total capacity of 6 to 9 gigawatts (GW). Three companies?KHNP, Westinghouse, and France's EDF?submitted proposals.

Westinghouse even filed an intellectual property lawsuit in the United States to counter its competitor KHNP.