Czechs Can Build Nuclear Unit Without Foreign Money, Babis Says
- Prime minister candidate says CEZ is in ‘very good condition’
- Building new reactor won’t damage CEZ’s value, Babis Says
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Billionaire Andrej Babis, who is likely to become the next Czech prime minister, wants to expand the country’s nuclear energy capacity without the help of foreign investors.
Babis, the second richest Czech whose ANO party boasts a double-digit lead in polls before Oct. 20-21 elections, said state-controlled utility CEZ AS is able to finance the construction of at least one new unit at the Dukovany nuclear power station on its own. He dismissed concerns voiced by analysts covering CEZ that such a plan could damage the company’s value and anger its minority shareholders.