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Czechs clear to sign $18 billion nuclear power deal after EDF appeals rejected

PRAGUE (Reuters) -The Czech Republic's competition authority UOHS said on Thursday it had rejected French group EDF's appeals against the country's multi-billion dollar tender for new nuclear power units in which it lost out to South Korea's KHNP. The rejection clears the way for KHNP, the Czech government and majority state-owned utility CEZ to sign contracts worth at least 400 billion crowns ($18.22 billion), plus expected inflation. The competition authority's decision confirms an earlier verdict that EDF had appealed.

PRAGUE (Reuters) -The Czech Republic's competition authority UOHS said on Thursday it had rejected French group EDF's appeals against the country's multi-billion dollar tender for new nuclear power units in which it lost out to South Korea's KHNP. The rejection clears the way for KHNP, the Czech government and majority state-owned utility CEZ to sign contracts worth at least 400 billion crowns ($18.22 billion), plus expected inflation.

The competition authority's decision confirms an earlier verdict that EDF had appealed..