According to CEZ's director in charge of nuclear PP, the company is to review the possibility of extending the lifetime of NPP Dukovany by 10 years to 2035. Should the upgrade analysis prove it to be inefficient, the company may build one or two new nuclear blocks of up to 2,000 MW. According to CEZ, current estimates of the cost of the new blocks range between USD 2 - 4bn subject to their capacity. Construction of a new block takes about 15 years and CEZ would not open a tender for suppliers before 2012. The news is largely neutral as there are no immediate concrete plans and it should be in line with CEZ's strategy of building new capacities to track electricity consumption growth and the need to replace current capacities.
Source: Reuters
Tomáš Gatěk, Patria Finance