The Czech state-controlled company EDU II and South Korea's KHNP signed final contracts to build two new nuclear power reactors on Wednesday, Prime Minister Petra Fiala said, after a court lifted an injunction barring the deal from closing.

Korea Hydro & Nuclear Power announced Thursday that it had signed a deal to build two nuclear reactors in the Czech Republic, worth at least $18 billion.

Korea Hydro & Nuclear Power is preparing to sign subcontract agreements and establish a project office at Dukovany after the signing of the contract to build two APR-1000 units at a project cost of CZK407 billion (USD18.