The Czech government can lend majority state-owned utility CEZ (CEZP.PR) money for a planned multi-billion dollar expansion at its Dukovany nuclear power plant, Industry Minister Karel Havlicek was quoted as saying on Thursday. The Czech state has long been in talks with CEZ, in which it owns a 70% stake, about expanding its nuclear power fleet to replace blocks set to expire in coming decades, as well as lignite power plants to be retired in the 2030s. But costs and financing have been sticking points. In April, the government approved agreements for a framework deal for a new block to come online in 2036.
Reuters 28th May 2020 read more »