Czech energy giant ČEZ announced a drop in net profits for 2011 but said they were still better than it had expected, given stagnant demand for electricity on its home market and unchanged power production. It says results should pick up this year. Completion of two new nuclear reactors at Temelín and expansion of renewables abroad are the group’s forward-looking priorities.
Nuclear power plant Temelín's expansion does not make economic sense even according to a charitable evaluation of the costs and benefits over the new power production capacity's lifetime, a study presented on Tuesday argues. The Candole Partners’ study undercuts the optimistic arguments of state-controlled power company ČEZ and the pro-nuclear Czech government, but it remains to be seen whether it will ignite real debate about the ongoing nuclear expansion.
Czech and Russian firms signed deals worth around €2.15 billion (Kč 55.3 billion) during negotiations overseen by Czech President Václav Klaus and his Russian counterpart, Dmitry Medvedev, at Prague Castle on Thursday. The contracts and agreements include construction of a 390-kilometer railway in the north Urals by a Czech firm and the establishment of a nuclear fuels joint venture.
Vítkovice Machinery Group, among the largest Czech machine engineers, has signed an agreement on future cooperation with Japanese-owned US nuclear engineering firm Westinghouse – one of the three bidders looking to win the contract build two more blocks at the Temelín nuclear power plant. Vítkovice has already signed a similar agreement with the Rosatom-led consortium.
Westinghouse’s vice president for Europe, the Middle East and Africa, Mike Kirst, tells Czech Position in an interview how planned nuclear power plant projects in the UK and Poland could have an impact on ČEZ’s decision about an extra two reactors at its Temelín plant — and the likely share of work that Czech companies could stand to get as a result.
Around 6,000 pages of specifications and explanations were symbolically handed over to the three bidders to build two new reactors at ČEZ’s existing Temelín facility on Monday. The documentation details exactly what the state-controlled power company seeks from rivals Areva, Westinghouse and the consortium of Russia's Atomstrojexport and Škoda JS with a July 2, 2012, deadline to deliver offers.
Czech electricity giant ČEZ will hand out all the documentation relating to the expansion of its Temelín nuclear plant to the three bidders on Oct. 31 so they can prepare offers. The move starts the real race between France’s Areva, US-based Westinghouse, and a consortium led by Russia’s Atomstroyexport and Czech nuclear industry supplier Škoda JS.
The head of Russian state nuclear enterprise Rosatom, Sergei Kirienko, put the onus on the positive in Prague on Monday as it positions itself to build two new reactors at Czech nuclear plant Temelín. If the tender is decided primarily according to technological and economic criteria then the consortium headed by Rosatom has the best credentials to win, said the former Russian prime minister, but if its on geopolitical grounds, then it will lose.
According to a classified annual report by the Czech counterespionage and intelligence agency BIS, a Russian consortium has better chances than US firm Westinghouse of winning the bid to build new reactors at the Temelín nuclear power plant, an anonymous source told Czech news server aktualne.cz. Of the three expected bidders, the French firm Areva is reportedly “out of the game.”
ČEZ’s chief executive Daniel Beneš says that the Czech state-controlled power company should provide bidders for expansion of the Temelín nuclear plant with all the details they will need for making offers by the end of October. The ball, so to speak, will then be in their court. Offers should be submitted by mid-2012, and the final victor of the closely followed tender selected at the end of 2013, Beneš added.