According to CTK, Czech NPPs are expected to generate 25 TWh of electricity in 2006 in comparison to 24.7 TWh produced in 2005, which is increase of 1.2% y/y. Share of NPP Temelin should reach 44% (11 TWh), while NPP Dukovany 56% with its life-time high production of 14 TWh. Total share of nuclear energy in Czech Republic is about 31%.
Our view:
We see this news to be in line with expectations taking into account also this year news of several unplanned shut downs of Temelin plant. Thus the news should be neutral for today’s trading, which will be driven by 3Q results expected before market open.