Daewoo E&C

Built World

Lead builder of the consortium KHNP dropped; urging talks to resume

Korea Hydro & Nuclear Power (KHNP), the state-run operator, ended contract talks on October 29 with the Daewoo E&C-Doosan Enerbility consortium over the Dukovany nuclear plant in the Czech Republic. The sides could not agree on key contract terms, and KHNP says the gap exceeds 1 trillion won, roughly $850 million by Aju Press's conversion.

Updated Nov 1

Built World

Named preferred negotiating partner for Mokdong Complex 8

Hyundai E&C won the contract to rebuild Mokdong Complex 10 in western Seoul, a 2.6 trillion won ($1.95 billion) project that will nearly double the homes on the site. It was the only bidder, after two earlier rounds drew no competition.

Updated Oct 25