Czech Republic - CEZ Receives Three Bids for Temelin Nuclear Power Project

CEZ AS (CEZ), the Czech Republic’s largest producer of electricity, received three bids for its project to build two new reactors at the Temelin nuclear power station. 

Westinghouse Electric Corp., Areva SA (AREVA) and a Russian-Czech consortium led by Rosatom Corp.’s Atomstroyexport unit, the three bidders selected by CEZ in 2010, submitted their final offers today, the Prague-based utility said in an e-mailed statement.

The new third-generation reactors are intended to replace CEZ’s aged coal-fired plants, reduce carbon dioxide emissions and solidify the Czech Republic’s position as a regional power exporter. CEZ will choose the winner of the tender, whose value is estimated by analysts at $10 billion, before the end of 2013 and the construction should start no later than 2016, it said.

“The construction of new Temelin reactors is a key pillar of CEZ’s strategy,” Chief Executive Officer Daniel Benes said in the statement. “Today marks a significant step towards ensuring steady electricity supply for Czech customers for decades to come.”
 
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