Areva

By Nicholas Watson of bne

A new Czech government is in the final stages of being formed, but its make-up will probably mean further delays at the very least for the state utility CEZ’s costly nuclear tender.

Czech President Milos Zeman is expected on November 21 to give a mandate to Bohuslav Sobotka, head of the Czech Social Democratic Party (CSSD), which won the inconclusive parliamentary election in October, to form the next government. Sobotka has already started talks with the big winner of the election, the new ANO 2011 party founded by Slovak-born billionaire Andrej Babis, and the centrist Christian Democrats (KDU-CSL). 

By Nicholas Watson of bne

Areva, the French nuclear company, has lost its latest appeal against its controversial ejection from the Czech Republic’s giant nuclear tender. The company has vowed to continue legal proceedings in the administrative court of Brno. 

By Tim Gosling of bne

CEZ, the Czech state-controlled utility, is to delay expansion of its Temelin nuclear power plant by a year, as the political crisis gripping the country prevents it from securing a final agreement to start the project.

Following the collapse of the centre-right government in June, the future of the estimated €8bn to €12bn project has been caught up in uncertainty over the interim administration installed by President Milos Zeman this month. 

By Nicholas Watson of bne

The Czech prime minister assured his Russian counterpart on May 27 that the process for choosing the winner of the country’s nuclear tender would be fair and transparent. Yet a growing split in the cabinet, a continuing stand-off with France’s Areva after it was ejected from the tender, and now sources saying CEZ is asking the remaining bidders to finance the €8bn-12bn nuclear expansion, have all cast further doubt on the project. 

By Nicholas Watson of bne

The Czech authorities have temporarily blocked the state power company CEZ from signing a contract to build two nuclear reactors while they consider an appeal from France’s Areva against its disqualification from the tender

Temelin nuclear power plan in the Czech RepublicBy Tim Gosling and Nicholas Watson of bne

Areva, the French nuclear group, is to launch a fresh appeal against its exclusion from a multi-billion euro tender by CEZ, the Czech utility, for two new units at its Temelin nuclear power plant.

The move threatens to bring the tender process to a halt. Its announcement came immediately after CEZ rejected an earlier appeal from Areva against its removal from the tender on October 5 for what are still unclear reasons. 

By Nicholas Watson of bne

In a shock announcement, Czech power company CEZ on Friday excluded France’s Areva from its multi-billion-euro tender to expand the Temelin nuclear power plant for failing to fulfill all the requirements, leaving Toshiba’s US unit Westinghouse and a consortium led by Russia’s Atomstroyexport as the two remaining bidders. 

Hopes that Poland could turn into an energy exporting potentate like Norway are looking fragile. The country may be sitting on Europe’s biggest shale gas deposits but it is becoming increasingly clear that early estimates of their size were much too large.