nuclear-news

Nuclear lobby strategy of sucking in buyers: Westinghouse financing new reactor sales

Westinghouse offers to co-finance new nuclear reactors  12 October 2014  Czech News Agency

No decision on a new tender has been made but expansion remains possible Prague, Oct 12 (ČTK) — US-Japanese company Westinghouse Electric Company, which earlier took part in the tender to extend Czech nuclear power plant Temelin, has offered to co-finance the construction of new nuclear sources in the Czech Republic, Westinghouse CR head Pavel Janík has told the Czech News Agency.

Westinghouse’s offer has also been confirmed to ČTK by the ministries of finance and industry.

“I can confirm that the management of our company has sent such an offer. We are ready to hold talks with the Czech government about the models of nuclear plant construction financing which are used in the development of AP1000 plant projects in the USA and Bulgaria,” said Janík.

Westinghouse already uses similar models in Bulgaria and Britain.

Czech power utility ČEZ, the operator of Temelín, canceled the tender for the plant’s extension in April this year. The main reason was the government’s decision not to provide financial guarantees for purchasing prices of electricity from the extended plant.

The costs of Temelín’s completion were estimated at between 200 billion Kč and 300 billion Kč………

“The Industry and Trade Ministry welcomes this information (Westinghouse’s offer),” Miroslav Kyncl of the ministry’s press department said.

The other bidders in the canceled Temelín tender were Czech-Russian consortium MIR.1200 and France’s Areva. Areva was later excluded…….http://www.praguepost.com/technology/42037-westinghouse-offers-to-co-finance-new-nuclear-reactors

October 13, 2014 - Posted by Christina Macpherson | business and costs, EUROPE