Czech Republic Wants More Nuclear Power, Expands Tender To Up To Four New Blocks

The Czech Republic has announced plans to expand the construction of nuclear power units at its plants, increasing the number from just one to potentially four. This expansion underscores the country’s commitment to enhancing its nuclear power capacity, with the possibility of adding two units at Dukovany and another two at the Temelín plant. 

The Czech government, aiming to achieve cost efficiencies, has revised its tender process to invite binding offers for the construction of these reactors, with the expectation that ordering multiple units could lead to substantial savings.

“The tendering process so far shows that supplying multiple reactors simultaneously could provide us with a price reduction of up to one-quarter for a single reactor. We have therefore decided to ask bidders to submit binding offers for the supply of up to four new nuclear reactors,” Czech Prime Minister Petr Fiala said.

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

The government has also confirmed that the tender is now down to two bidders, French company EDF and South Korea’s KHNP. The United States’s Westinghouse has been excluded from the bid because it didn’t meet the conditions of the tender as it didn’t identify the entity responsible for the quality of the work.

The news of Westinghouse, which is slated to build reactors in Poland and Ukraine, being excluded from the bid was unexpected.

EDF and KHNP have until April 15 to submit their new proposals. These bids will then be evaluated by CEZ, the Czech Republic’s partly state-owned energy company, with a decision on the supplier and the number of reactors to be built expected by mid-2024.

The first of the planned units is slated for completion in 2036, with subsequent units to follow by 2050.

This expansion represents the largest investment in Czech history, with initial cost estimates for one unit at €6.5 billion, although current projections suggest a higher price due to inflation and changes in market conditions since the 2020 calculation. 

The Czech Republic currently has a total of six nuclear reactors in two power plants generating about a third of the country’s electricity. The government reaffirmed its commitment to nuclear energy in a mid-2015 energy policy that seeks to significantly increase its nuclear power capacity.


Information for this story was found via Reuters, Euractiv, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Building the $500M-a-Year Gold Mine | Victor Cantore – Amex Gold Mining

Building the Next 500,000-Ounce Gold Producer | Stephen Soock – Heliostar Metals

This Gold Explorer Is Making Its Biggest Bet | Brian Miller – Astra Exploration

Recommended

This Gold Discovery Just Keeps Getting Bigger | Roger Rosmus – Goliath Resources

Cardiol Expands MAVERIC Trial to Up to 150 Patients After Reaching Enrollment Target Early

Related News

Rosatom Wins Lead Role in $16.5B Kazakhstan Balkhash Plant

Russia and Kazakhstan inked a $16.5 billion agreement Thursday to build Central Asia’s first nuclear...

Thursday, May 28, 2026, 11:58:57 AM

US Invests $2.8 Billion in Nuclear Power Resurgence

The Biden administration yesterday announced plans to restart decommissioned nuclear reactors and invest in new...

Tuesday, October 8, 2024, 11:43:00 AM

Bill Gates To Invest Billions in Next-Gen Nuclear Power

Tech billionaire and philanthropist Bill Gates has announced his commitment to invest billions of dollars...

Tuesday, June 18, 2024, 12:57:00 PM

Canada Signs $3-Billion Support For Nuclear… In Romania

Canada and Romania have inked a significant $3-billion export development deal in which two state-of-the-art...

Thursday, September 21, 2023, 01:12:08 PM

Denmark Rethinking 4-Decade Nuclear Ban Amid Green Transition Push

Denmark’s government is analyzing whether to end its 40-year ban on nuclear power, marking a...

Saturday, May 17, 2025, 07:32:00 AM