Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, March 22, 2012

Updates on international nuclear energy programs

Updates on international nuclear energy programs

Setback on financing at Temelin in Czech Republic

A report by an influential banking advisory firm has set back plans to build two new nuclear reactors at an estimated cost of $10 billion. The Prague-based firm of Candole Partners wrote in January the project, originally scoped to include five new reactors, isn't financially feasible due to low demand for electricity.

Czech state-owned utility CEZ has disputed the analysis saying it has a short-term perspective and that demand for base-load power will increase especially as Germany phases out its remaining nine reactors by 2022. That's about the time the new reactors at Temelin would come online.

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