Sunday , April 18 2021

Babiš: The government wants a new block from Dukovan to build a CEZ girl company Energy

VALEČ The construction of a new block of Dukovany Nuclear Power Plant, according to Prime Minister Andrej Babiš (ANO), should be secured by a subsidiary of ČEZ, operating power and power. According to the prime minister, the state is willing to support the investment by guaranteeing as a second site. CEZ says that it opposes minority shareholders.

CEZ shares on the Prague Stock Exchange responded to a reduction to 553 crowns for the first time. Morning trading began at 555 crown per share.

"We are convinced that the investment is efficient and rewarding," said Babiš in a seminar on the Dukovany power in Valca, Třebíč. He said that it was not true that the government was only considering extending the life of existing Dukovan blocks. "We want to analyze every possibility. But we have made it clear that the government wants CEZ to build a new block in Dukovany," said the prime minister.

The Minister for Industry and Commerce Marta Nováková (for ANO) said at the end of August that the financial model for the construction of the new domestic nuclear block should be determined by the end of this year. By the end of October, Babiš spoke about the possible extension to Dukovan's life for ten years.

"Minority shareholders have already clearly demonstrated their ability to build nuclear power plants," said CEZ spokesman Ladislav Kříž. He said he was a long-term strategic investment, but from a short-term perspective, his profitability was skeptical. Possible litigation would obstruct construction for decades. "There is no easy answer to this address," said Cross.

CEZ is the largest Czech energy company. The largest shareholder is a state that accounts for 70 per cent of shares through the Treasury. The Dukovany Nuclear Pump, with a total of 2040 megawatts installed, covers one fifth of electricity in the Czech Republic.

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