Bloomberg News

CEZ Plans to Add Another Dukovany Reactor by 2032, CEO Says

November 09, 2011

Nov. 9 (Bloomberg) -- CEZ AS, the Czech Republic’s largest power producer, expects to add one more reactor to the Dukovany nuclear power plant by 2032, Chief Executive Officer Daniel Benes said today.

The utility won’t build more than one more reactor in the four-unit Dukovany plant because of insufficient water supply, Benes said in an interview after a press conference in Prague.

CEZ is currently in the process of choosing a supplier for two further reactors at its newer Temelin plant, which should be hooked to the grid no later than 2025. The company doesn’t plan to build more reactors in other locations in the Czech Republic after Dukovany, he said.

Westinghouse Electric Co., Areva SA and a Russian-Czech group led by Rosatom subsidiary ZAO Atomstroyexport are competing for the Temelin contract. Benes previously said it is “quite possible” the winner would also build the Dukovany reactor.

Prague-based utility is also planning to build up to 2,000 megawatts of onshore wind farms in Poland by 2015, Benes said. The company will carry out the construction rather than buying already existing capacity, he said.

CEZ said today that third-quarter profit fell 79 percent after writedowns and a new tax on carbon emission credits. The company confirmed its full-year targets for net income and earnings before interest, tax, depreciation and amortization.

--Editors: Will Kennedy, Randall Hackley

To contact the reporter on this story: Ladka Bauerova at lbauerova@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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