Czech Republic To Decide On Financing Of New NPP Unit By End Of 2018 - Trade Ministry

The Czech authorities are expected to decide on the financing of the construction of a new unit at one of the country's nuclear power plants (NPPs) by the end of this year, Czech Industry and Trade Minister Marta Novakova said on Friday.

PRAGUE (UrduPoint News / Sputnik - 31st August, 2018) The Czech authorities are expected to decide on the financing of the construction of a new unit at one of the country's nuclear power plants (NPPs) by the end of this year, Czech Industry and Trade Minister Marta Novakova said on Friday.

"The government should decide on a basic funding model for the construction of a new power unit by the end of this year. [The decision] will be followed by talks with the European Commission," Novakova said.

The minister said in July that by the end of the year the Czech government would decide on launching a tender for the construction of a new power unit.

Six foreign companies, including Russian nuclear giant Rosatom, French EDF energy company and Korea Hydro & Nuclear Power company, said they would like to submit their bids.

The Czech Republic is currently operating two nuclear power plants. The first is the Temelin NPP consisting of two power units with VVER-1000 reactors with a total capacity of 2,160 MW and the second is the Dukovany NPP, which has four power units with a total capacity of 2,040 MW.