Czech power giant ČEZ says it will sound out its peers, including European rivals, as possible partners for the expansion of Temelín. France’s EdF is already tipped as a possible frontrunner with Asian interest also suggested.
Near 70 percent state-owned Czech electricity giant ČEZ says it is willing to test out whether a partner could be found for the estimated Kč 150 billion–Kč 200 billion tender to add two new nuclear reactors to its Temelín site. If the path seems promising a tender for a partner could be held once the constructor had been chosen in 2013.
Prague-listed power major ČEZ is set to lose up to Kč 10 billion over the next three years from its investment into the Albanian power distribution company as a result of a 91 percent hike in tariffs imposed by the government in Tirana, non-payment of bills, and loses from the network, the Czech daily Lidové noviny (LN) reported Wednesday.
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.
Czech anti-corruption police have been investigating state-controlled power utility ČEZ due to suspicions of criminal abuse of information and fiduciary violations for several months now, the Prague prosecutor’s office has confirmed. Media reports say the investigation likely centers on orders that ČEZ management — including ex-chief Martin Roman — gave over the past decade to Škoda Holding.
A possible nuclear energy splurge in the Czech Republic no longer looks on the cards over the next half century with Industry and Trade Minister Martin Kuba saying one scenario for 18 new nuclear reactors producing 80 percent of the country’s electricity belongs in the fiction section. Kuba is tasked with drawing up the country's long term energy plans, now likely to be delivered mid-year.
Bitter energy rivals ČEZ and Czech Coal appear to have entered a new stage of talks over coal supplies and power plants with the state-controlled power producer willing to throw in an unwanted 800 MW coal-fired power plant into the negotiations in order to end a six-year-old wrangle which has spread outside the country's borders to involve EU competition officials.
A British model for supporting the construction of new nuclear plants based on guaranteed minimum prices for power produced appears to have support within state-controlled electricity company ČEZ and the Czech government’s Temelín power plant expansion supervisor. The UK outlined its package in July 2011 and expects the system to be up and running by 2014, which would suggest fast Czech action if Temelín is to get similar support.
Lower electricity prices combined with a series of exceptional factors, including a windfall tax on free carbon emissions allowances and accounting adjustments, hit profits of state-controlled power company ČEZ. The Prague-listed company announced a net profit of Kč 26.4 billion for the first nine months of the year, a drop of 34 percent compared with the same period in 2010.
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.