Stalemate Hits $10 Billion Czech Nuclear Plan on Funding: Energy
This article is for subscribers only.
The Czech Republic’s $10 billion plan to build two atomic reactors near the German border that could supply electricity to the Bavarian industrial heartland is unraveling over financial and pricing disputes.
CEZ AS, Europe’s only utility with an atomic project out to bid, is beset by falling power prices and predictions that its financial muscle is too weak to safeguard investors. The Prague-based power company’s two most senior executives clashed last month on how to fund the reactors.