The Czech company ČEZ cancelled the tender for construction of two power units of Temelin NPP

The company’s statement explains that the tender is cancelled because of a change in the market conditions, which puts investments in such project in jeopardy. It also specifies that the cancellation of the tender doesn’t mean termination of nuclear build in the Czech Republic. The matter is only the adjustment of the further nuclear power development plans in close cooperation with the state. An integrated development plan will be available by the end of this year.

In this regard, the Communications Department of ROSATOM is authorized to circulate the following statement: “We respect the actions of the customer, the company ČEZ. We understand that today’s structure of the Temelin NPP construction project assumes that ČEZ has the governmental guarantees of buy-out prices of future electricity, and that in the absence of such guarantees it is difficult for the Czech customer to enter the project implementation stage. On our part, we state that after ČEZ and the Czech Government approve the integrated nuclear industry development plan of the Czech Republic, we will be glad to take part in its implementation.”