Areva to appeal after being excluded from Czech nuclear project

Areva (EuronextCEI) has been excluded from the bid to build a nuclear power plant in the Czech Republic.

Czech power company CEZ announced that it had excluded the French utility from its multi-billion-euro tender to expand the Temelin nuclear power plant for failing to fulfill all the requirements, leaving Toshiba’s US unit Westinghouse and a consortium led by Russia’s Atomstroyexport as the two remaining bidders.

Temelin nuclear power plant
CEZ didn’t go into specifics, which it said involved both commercial and legislative reasons, explaining that because Areva can appeal the decision, it is unable to say more until that process has been exhausted.

Areva said it would file an objection under the tender rules.

Atomstroyexport’s parent, nuclear holding Rosatom, sweetened the Russian offer in March by saying it was ready to offer full funding for the project and would consider any type of strategic partnership, including one that would see it become a shareholder in CEZ itself.

With CEZ clearly struggling to come up with funding for the project without state guarantees that the Czech government has repeatedly ruled out, the Russian offer is deemed by observers to be a crucial one.

For more nuclear power news

     

 

Share
     


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...