Nuclear, Reactors

CEZ may sign nuclear power plant deal by 2015

Czech Republic-based CEZ said it could sign a contract with a company to expand the Temelin nuclear power plant by mid-2015, according to Reuters.

CEZ said in the article it was waiting for the government to finalize a national energy strategy and negotiate a guaranteed price for the power produced at the plant. U.S.-based Westinghouse and Russia’s Atomstroyexport are in the running to build two new reactors. The two units are expected to go live in 2025.

CEZ said in Reuters it is watching a European Union investigation into the British government’s subsidies of the Hinkley Point C nuclear power project. The plant is expected to cost 16 billion pounds ($26.2 billion), but consumers may end up paying 17 billion pounds ($27.8 billion) in subsidies to EDF, which was picked to build the plant.

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