CEZ to delay nuclear contract in Czech political crisis | beyondbrics

CEZ to delay nuclear contract in Czech political crisis | beyondbrics:

"

CEZ, the Czech state-controlled utility, is to delay expansion of its Temelin nuclear power plant by a year, as the political crisis gripping the country prevents it from securing a final agreement to start the project.

Following the collapse of the centre-right government in June, the future of the estimated €8bn to €12bn project has been caught up in uncertainty over the interim administration installed by President Milos Zeman this month.

CEZ was due to choose between two remaining bidders – a Russian-Czech consortium of Skoda JS, Atomstroyexport and Gidropress, and the Japanese-US company Westinghouse – by the end of 2013."

'via Blog this'