Czechs facing nuclear realities
At a time when the Czech Republic is in the midst of deciding just how nuclear its future will be, a study has come out claiming that the construction of additional capacity at the Temelin nuclear power plant is a risky investment at best. It's estimated that the cost of the new blocks would cost CEZ, which operates Temelin, between CZK 150bn to CZK 200bn. But if the price of electricity grows at the same pace as inflation, a return on this investment would not be assured. The current price for a megawatt hour is €52. Analysts from J&T Bank claim this price would have to rise to above €60 and that a profit could be expected only if it reached €70 per megawatt hour. The risk is that it's realistic to expect that the cost of construction would exceed current estimates. The daily Hospodarske noviny writes that it's not uncommon for the final price tag on completed nuclear facilities to be twice the original budget. The paper also warns that much of the needed capital for the investment would be siphoned off from the dividends the company pays its shareholders, and as the state has the largest stake in the company, it would thus lose an important source of revenues.
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2021-08-10
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2021-08-10