Czech Republic cancels nuclear reactor project with Westinghouse
A state-run utility in the Czech Republic canceled a project in which Westinghouse Electric Co. hoped to build two nuclear reactors.
The utility CEZ said on Thursday it will not expand the Temelin power station because falling electricity prices made the multibillion-dollar project less feasible.
Westinghouse and a consortium led by Russia's Atomstroyexport were bidding to build the reactors. Spokesmen at Westinghouse in Cranberry could not be reached.
The U.S. Embassy is Prague said the government was “deeply disappointed” by the decision. The Czech government this week refused to provide financial guarantees for the plan.
Westinghouse last month said its president for Europe, the Middle East and Africa visited Ostrava in the Czech industrial heartland with what the company called a “high-level delegation” to prepare for construction. They signed agreements on future contracts with companies there that committed to building and installing key parts of the Westinghouse AP1000 reactors if it got the $10 billion Temelin contract.
Officials built a full-scale mockup of a key reactor module to get potential contractors acquainted with it.
In 2013, Westinghouse CEO Danny Roderick spent four days in the Czech Republic lobbying for the contract. He said at the time that such international projects were important to the company because utilities are building few nuclear reactors in the United States.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Economy grew at brisk 4.2% rate in Q2
- JPMorgan boosts defenses against mounting cyberattacks
- Young adults drive home rental trend in Western Pennsylvania
- Abercrombie name to shrink from clothing
- Banks’ earnings up 5.2% in 2Q
- Housing contracts rise as mortgage rates fall
- USDA updates dairy insurance program
- Twitch.tv online network reveals value of video gaming market
- Government approves compromise on Corbett’s alternative Medicaid plan
- Auto market booming, but longer loan terms cause concern
- Court clears FedEx Ground drivers to pursue wage, benefit claims