ČEZ

Czech govt mulls price floors to lure new nuclear

Tuesday, April 10, 2012

TEMELIN, Czech Republic, March 30 (Reuters) - The Czech government sees building new nuclear power plants as a strategic priority and is considering minimum electricity price guarantees to ensure new reactors are built, the country's industry minister said on Friday.

In contrast to countries such as neighbouring Germany that are pulling out of nuclear energy in light of the disaster at Japan's Fukushima a year ago, the Czech Republic aims to enlarge the existing Temelin site in the south of the country.

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Privatisation of Russian state nuclear giant

Friday, February 3, 2012

Having spent five years combining its nuclear power, engineering and research enterprises into the single entity of Rosatom, the Russian government now sees privatisation of the firm as part of a plan for industrial modernisation.

Rosatom is just one of several vertically integrated state holding companies Russia established to "discourage the decline of the more intellectual sectors of national industry" in the post-Soviet era, wrote Vladimir Putin in the Vedomosti newspaper on 30 January.

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RWE, Iberdrola, GDF Suez exit Romania nuclear plan

Friday, January 21, 2011

PARIS/FRANKFURT, Jan 20 (Reuters) - Power groups GDF Suez, Iberdrola and RWE said on Thursday they were pulling out of a multi-billion dollar nuclear project in Romania, confirming an earlier report by Reuters.

"Economic and market-related uncertainties surrounding this project, related for the most part to the present financial crisis, are not reconcilable now with the capital requirements of a new nuclear power project," the groups said in a joint statement.

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Russia Is Seeking to Build Europe’s Nuclear Plants

Thursday, October 14, 2010

MOSCOW — The Russian nuclear industry has profited handsomely from building reactors in developing countries, including India, China and Iran. Now it is testing the prospect of becoming a major supplier to the European Union, too.

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CEZ May Delay Temelin Construction for Years on Demand, Hospodarske Says

Wednesday, October 13, 2010

CEZ AS, the Czech Republic’s largest power producer, will delay the construction of two additional reactors at its Temelin nuclear power plant, Hospodarske Noviny reports, citing Industry and Trade Minister Martin Kocourek.

The construction could be delayed by as much as several years, the newspaper said, citing an unidentified person from the company. The main reason is uncertain demand for electricity after 2020, according to the report.

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Enel delays decision on involvement in nuclear project company

Monday, October 11, 2010

Italian utilities company Enel will decide on its involvement in the nuclear project company, set up by the Romanian state with major European partners to complete the 3rd and the 4th reactors of Cernavoda nuclear plant, when the reforms in the power generation sector become predictable. The decision depends critically on the alteration of the market regulations besides the setting up of the two state power companies in the generation sector, Enel officials told Bloomberg agency quoted by local media.

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Czech ČEZ to quit Romania nuclear reactors-report

Wednesday, September 22, 2010

Czech power firm ČEZ will quit a joint venture to build two units at Romania's sole nuclear power plant by December and seek other low-risk projects in the region, a company official was quoted as saying on Tuesday.

Romania, whose state-owned nuclear power firm already has two 706 megawatt reactors at its plant in Cernavodă, accounting for roughly 18 percent of the country's power, had planned plans to build two more in partnership with six foreign firms.

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Reversal: Czechs to build new nuclear reactors

Monday, July 26, 2010

Prague - The Greens did not manage to pass the 5 percent threshold in the late May legislative elections, which means there is virtually no opposition in the Lower Chamber of the Czech Parliament against plans on nuclear energy build-ups in the Czech Republic.

This means that the center-right coalition can easily implement its nuclear energy program, which includes building new reactors in the Temelín nuclear plant and modernizing the Dukovany nuclear plant.

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Dukovany suspends third unit from grid due to leak

Wednesday, January 20, 2010

Dukovany, Jan 20 (CTK) - Staff at Czech nuclear power station Dukovany yesterday unhooked the plant's third production unit from the grid owing to a leak in the secondary circuit.

Technicians found out that tens of litres of non-radioactive water per hour were leaking from one of the pipelines in the secondary circuit.

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The CZK 500 billion game

Wednesday, October 21, 2009

Although the information hasn’t made front page headlines yet, the biggest behind-the-scenes swarm of lobbyists is now hovering over the construction of two additional reactors at the Temelín nuclear plant. The actual deal looks "somewhat" different. The state-owned energy giant ČEZ is looking to secure five nuclear reactors: two for Temelín and another three for power plants that the energy company plans to build abroad, altogether, a contract worth CZK 500 billion. It’s a gigantic tender, the biggest in Czech history.

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