Korea Hydro & Nuclear Power Overview
Pro stress-test →KHNP is the largest electric power company which generates approximately 32.04% of the total electric power generated in Korea. The company operates 24 nuclear power plants, 37 hydroelectric plants, 16 pumped-storage power plants, and 32 renewable power plants, positioning it as a critical infrastructure backbone for South Korea's energy security.
Strategic Profile
Pro stress-test →KHNP is a subsidiary of the Korea Electric Power Corporation (KEPCO) and is pursuing aggressive domestic expansion and international growth. In July 2024 KHNP was selected as preferred bidder for a contract to build two APR-1000 units at Dukovany in the Czech Republic, worth approximately $18.6 billion, with the contract signed in June 2025. The company is also expanding into advanced technologies, including small modular reactors (SMRs) and clean hydrogen energy.
Competitive Landscape
Pro stress-test →KHNP operates in South Korea's regulated utility market with minimal domestic competition; it is a subsidiary of KEPCO, the dominant state-controlled holding. Internationally, KHNP competes with global nuclear vendors (Westinghouse, EDF, Framatome, GE Hitachi, Russian and Chinese vendors) for export contracts and with renewable energy providers for grid capacity. The Czech Republic contract represents KHNP's first major overseas reactor project since the UAE contract in 2009.
Industry Context
Korea Hydro & Nuclear Power operates in Nuclear power generation and hydroelectric power.
Key facts
Founded: 2001 · Headquarters: Gyeongju, South Korea · Employees: N/A · Revenue: N/A · Market cap: N/A