The multibillion-euro contract for the construction of new nuclear power plants in the Czech Republic has been awarded to a South Korean company. Speaking after a Cabinet meeting in Prague on Wednesday, Czech Prime Minister Petr Fiala announced that the Korea Hydro & Nuclear Power (KHNP) Group had emerged as the winner of the tender. The South Korean offer was the better one according to practically all the criteria assessed, Fiala said. KHNP beat off a challenge from the French nuclear giant EDF to secure the contract. The plan is to build two reactor units initially at the nuclear power plan…