-
Henan Grave Carved with Herbal Prescriptions Draws Hundreds of Visitors Daily
-
Neo Nontso Reveals Anele Mdoda’s Calm Demeanor During Wedding Prep
-
NCLT Chennai Orders Insolvency Proceedings Against Orchid Pharma Founder K Raghavendra Rao
-
How Mystery Bounty Poker Tournaments Spread from Curiosity to Mainstream
-
Inflation Breach and Bond Yields Spark Rate Hike Fears for December
-
Market Buzz: Meesho Stake Sale, Clean Max’s ₹50,000 Crore Investment and Corporate Updates
-
Digi Power X Reports Q3 2026 Revenue Up 85% and AI Revenue Up Over 400% Compared to Q2
Court rejects EDF complaint over Czech nuclear tender
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.
"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.
T.Suter--VB