Czech PM-designate says not to make final decision on Temelin tender.

By bne IntelliNews July 1, 2013

The new Czech government will not make a final decision on awarding a contract for expanding Temelin nuclear power plant, PM-designate Jiri Rusnok was cited as saying by Hospodarske Noviny daily.

Temelin operator CEZ, which is majority owned by the state, is due to pick the winner in the USD 10bn tender by September 2013 but the collapse of the centre-right government of Petr Necas earlier this month in the wake of a bribery and spying scandal and the appointment of an interim cabinet will likely delay the project.

In an interview for Hospodarske Noviny, Rusnok said the new government will get acquainted with the tender process but will not make a final decision as the interim government does not have the mandate to decide on it.

Czech President Milos Zeman appointed on June 25 Rusnok as the country’s new PM despite protests by the ongoing ruling coalition and the opposition. Rusnok government will have to win a vote of confidence in parliament to rule until scheduled general elections in May 2014 but all  parties have said they will not back it. If Rusnok government fails in winning the confidence vote it will stay on as a caretaker cabinet until Zeman appoints another PM or early elections are held.

CEZ spokesperson Barbora Pulpanova told Bloomberg on June 28 that talks with bidders will enter the next stage this week and the energy group will make an announcement regarding the timetable for the tender.

US Westinghouse and a Czech-Russian consortium comprising Skoda JS, Atomstroyexport and Gidropress are bidding to build two more reactors at Temelin aimed at doubling the plant’s capacity to 4,000MW. CEZ wants to select the tender winner by September 2013 and have the two reactors running by 2025. The deal is closely followed by nuclear equipment suppliers that were hit by decreasing power prices and weakening interest in atomic energy since Japan's Fukushima disaster in 2011.

Related Articles

Latvia issues permits to new gas infrastructure holding

The Latvian Public Utilities Commission (SPRK) announced on January 5 that it has issued licences to Conexus Baltic Grid for the transmission and storage of gas. Conexus Baltic Grid will control ... more

Iran to seek arbitration over termination of gas flow from Turkmenistan

The National Iranian Gas Company (NIGC) intends to take its recent gas dispute with Turkmenistan to international arbitration, Mehr News Agency reported on January 4, citing ... more

CEZ ignores Czech finance minister and re-elects CEO

The supervisory board at Czech power group CEZ ignored pressure from the finance ministry to dump the current management, local media report. Finance Minister Andrej Babis has been accumulating ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss