[INTERVIEW] Korea needs to bolster ties with Czech firms to win nuclear plant project

Petr Tresnak, deputy minister of industry and trade of the Czech Republic, speaks during an interview with The Korea Times at the Czech Embassy in Seoul, Wednesday. Korea Times photo by Shim Hyun-chul

Petr Tresnak, deputy minister of industry and trade of the Czech Republic, speaks during an interview with The Korea Times at the Czech Embassy in Seoul, Wednesday. Korea Times photo by Shim Hyun-chul

Czech Republic wants cooperation with Korea in automotive, tourism sectors
By Park Jae-hyuk

Korea should enable Czech companies to enjoy benefits from its potential nuclear power plant construction project in the Czech Republic, not just offer a lower price to outbid France for the 30 trillion won ($22 billion) project, according to a senior government official from the Central European country.

Petr Tresnak, deputy minister of industry and trade of the Czech Republic, told The Korea Times that his government will also evaluate the bidders in terms of their partnerships with local companies, not only from an economic, safety and technical point of view.

"There are other aspects which can be considered in the bidding process, such as Czech companies' participation in the project and a bidder's partnership with them in R&D and education," he said during an interview at the Czech Embassy in Seoul, Wednesday.

Korea Hydro & Nuclear Power (KHNP), a state-owned nuclear power plant operator that tendered for the project, has sought to boost ties with Czech companies and local communities, after the Czech government decided to pursue the construction of a new nuclear power plant in 2016.

Doosan Enerbility, one of the Korean partners of KHNP for the project, vowed to source components for new nuclear power plants from its Czech subsidiary and multiple other local equipment makers. It made the pledge during its Partnership Day event earlier this month, which was also attended by the deputy minister.

These efforts led some in the Czech media to expect KHNP to beat its competitor, EDF, a French government-owned electric utility company. The Korean government has also maintained an optimistic outlook, saying that Korea is the only nation that can build high-quality nuclear power plants on time and on budget.

Tresnak, who is also a nuclear engineer, acknowledged Korea as a country possessing know-how in the nuclear industry and Doosan as an important partner for his country and companies there.

However, he remained cautious about predicting the preferred bidder that will be announced on July 15.

"It will be quite clear a month later," he said.

A nuclear power plant in the Czech village of Dukovany / Courtesy of Korea Hydro & Nuclear Power

A nuclear power plant in the Czech village of Dukovany / Courtesy of Korea Hydro & Nuclear Power

The deputy minister paid a five-day visit to Korea to attend the fifth meeting of the Czech-Korean joint committee on economic cooperation.

Emphasizing the importance of the two countries' bilateral ties in the automotive industry, especially in the electric vehicle (EV) and battery sectors, he said that the automotive industry's transition to renewable energies is among the main topics of the meeting.

"I also had a meeting with a Hyundai Motor representative last year, because Hyundai Motor Manufacturing Company Czech is an important employer in the region of North Moravia," he said. "The automotive industry is important for us for decarbonizing and the transition to EVs."

In addition, he mentioned cooperation in the tourism industry, as he visited Korea for the first time last year as a member of the Czech deputy prime minister-led delegation to increase tourist flow between the two countries.

Introducing the Czech Republic as a popular tourist destination, Tresnak said that tourism is an important part of the economy.

The Czech trade ministry also plans to open CzechTrade's Korean office this year to promote trade and mutually beneficial cooperation, just as the Korea Trade-Investment Promotion Agency's Prague office does.

"I want to visit Korea once more for bilateral ties," Tresnak said.

Park Jae-hyuk pjh@koreatimes.co.kr

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