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Lawsuit Risks May Prompt Czechs to Delay Costly Nuclear Plan

  • Minister says verdict on reactors can’t be made under pressure
  • Novakova says buyout of CEZ minorities least preferred option
Updated on

The Czech government may postpone its decision on whether to force utility CEZ AS into an unprofitable multi-billion-dollar construction of new reactors as it looks how to avoid lawsuits from minority shareholders.

The central European country is evaluating multiple options to finance and build new nuclear units to help phase out coal-burning plants and reduce carbon emissions, according to Industry and Trade Minister Marta Novakova. She said one possibility is to delay the start of the country’s biggest infrastructure project ever, which is already attracting interest from companies in Russia, the U.S. and China, and instead extend the lifespan of the Soviet-built Dukovany nuclear station.