South Korea Could Lead the Way in a Successful Nuclear Renaissance

The Czech government (which controls power company CEZ) has chosen South Korea’s Korea Hydro and Nuclear Power (KHNP) to build up to four new gigawatt-scale reactors at the country's two existing nuclear sites, Dukovany and Temelin. KHNP beat out competitors EDF (France) and Westinghouse (USA). This announcement was interesting for several reasons. First, there are very few open competitions or “beauty contests” for new reactor projects of this scope. The reason is simple. The Chinese, for example, rely on their own domestic companies…