nuclear-news

AREVA loses in the scramble to sell nukes to Czech Republic

UPDATE 2-CEZ dumps Areva from Temelin nuclear tender ReutersOct 5, 2012
* CEZ says Areva fails to meet requirements
* Disqualification leaves U.S., Russian firms in tender (Adds quotes, shares, details)
By Jason Hovet and Jan Korselt PRAGUE, Oct 5 (Reuters) – Czech power group CEZ threw out Areva’s bid for a multibillion-dollar contract to expand the Temelin nuclear power plant, leaving U.S. and Russian firms to contest the country’s biggest-ever energy deal.

CEZ, central Europe’s largest company with a market value of $20
billion, said Areva failed to meet “crucial requirements” in the
tender to double the size of the 2,000 megawatt plant with two new
units.

Media have said the deal would be worth $10 billion or more, although
majority state-owned CEZ has never put a price on it. Areva’s
disqualification now leaves Toshiba’s U.S. unit Westinghouse and
Russia’s Atomstroyexport as the only bidders, pending an appeal by the
French company…..
http://www.reuters.com/article/2012/10/05/cez-temelin-idUSL6E8L5ANU20121005

October 5, 2012 - Posted by Christina Macpherson | business and costs, EUROPE