EconomyLens.com
No Result
View All Result
Sunday, May 31, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

Court rejects EDF complaint over Czech nuclear tender

Thomas Barnes by Thomas Barnes
June 25, 2025
in Business
Reading Time: 3 mins read
A A
0
27
SHARES
338
VIEWS
Share on FacebookShare on Twitter

The Czech Republic relies on nuclear power for 40 percent of its electricity consumption. ©AFP

Prague (AFP) – A Czech court on Wednesday rejected a complaint filed by French energy group EDF over the bidding process that saw it lose out on a multibillion-dollar contract to build two additional reactors at a Czech nuclear plant. If the court had ruled in EDF’s favour, the firm would have been allowed to seek compensation — but it would not have affected the deal, signed earlier this month by Prague and South Korea’s KHNP. The construction is crucial for the Czech Republic, which relies on nuclear power from two plants for 40 percent of its electricity consumption.

Related

Universal Music rejects takeover bid from Pershing Square

As IPO nears, arms maker KNDS reports booming profits

BP ousts chairman over ‘serious’ governance concerns

Mango founder’s son says accusation he killed his father ‘unfounded’

Toshifumi Suzuki, ‘father’ of Japan convenience stores, dies at 93

“The complaint has been rejected,” Klara Belkovova, a spokeswoman for the Regional Court in the city of Brno, told AFP. She said EDF had eight days to file an appeal with the Supreme Administrative Court to contest the verdict. But EDF said in a statement obtained by AFP that it would “not pursue any further legal action in the Czech Republic,” adding that it “takes note” of the Brno court’s decision.

EDF has also filed a complaint over the tender with the European Commission, claiming KHNP may have used state aid that is illegal in the EU. The Commission has not yet decided on the case. In the rejected complaint, EDF questioned the transparency of the bidding process. But Prime Minister Petr Fiala said earlier that KHNP’s bid was “better in all criteria assessed” than EDF’s offer.

KHNP is due to build two nuclear reactors at the Dukovany plant for some 200 billion Czech koruna ($9 billion) each, with construction scheduled to begin in 2029 and the first reactor to be launched in trial operation in 2036.

© 2024 AFP

Tags: constructionenergynuclear energy
Share11Tweet7Share2Pin2Send
Previous Post

US Fed proposes easing key banking rule

Next Post

Nvidia hits fresh record while global stocks are mixed

Thomas Barnes

Thomas Barnes

Related Posts

Business

Slow Food’s ‘visionary’ founder Carlo Petrini dies aged 76

May 22, 2026
Business

Stellantis unveils 60 bn euro push to revive profitability

May 21, 2026
Business

Beloved Citroen 2CV revived as electric car

May 22, 2026
Business

Air France, Airbus convicted of manslaughter in 2009 Rio-Paris crash

May 22, 2026
Business

Stellantis unveils 60 bn euro push to revive profitability

May 21, 2026
Business

Walmart reports solid results but sees some consumers struggling

May 21, 2026
Next Post

Nvidia hits fresh record while global stocks are mixed

Stocks mixed with eyes on Mideast, dollar hit by Trump Fed comment

Judge orders Trump admin to release billions in EV charging funds

Tech giants' net zero goals verging on fantasy: researchers

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

97

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Europe’s green jet fuels see upside in Iran war

May 31, 2026

Mining turns India’s heat-shield hills to dust

May 31, 2026

Energy crunch fuels car pool growth

May 31, 2026

After the AI binge, companies balk at soaring bills

May 31, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.