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Czech CEZ looks for partner to build nuclear blocs

Wed, 05/09/2012 - 11:16am
The Associated Press

A state-run utility in the Czech Republic says it is considering joining forces with a strategic partner in a multibillion-dollar project to build two more nuclear reactors at a power station.

CEZ says more than 10 energy companies, mostly from Europe, seem to be among potential partners to help finance and operate the project at the Temelin nuclear power station.

U.S.-based Westinghouse Electric Co., a subsidiary of Japan's Toshiba Corp., France's state-owned nuclear engineering company Areva SA and a consortium led by Russia's Atomstroyexport are bidding for the lucrative deal with an estimated value of more than $10 billion.

CEZ said in a statement Wednesday a new partner that would be chosen in a tender could join after a deal with the winner is signed in 2013.

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