Czech power company CEZ signs deal with Rolls-Royce SMR to prepare for first small nuclear reactor [Yahoo! Finance]
ROLLS ROYCE HLDGS S/ADR (RYCEY)
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Source: Yahoo! Finance
CEZ chief executive Daniel Beneš said that the work includes the project plan and licensing documentation necessary for issuing building permits for the reactor. Beneš said the company hopes to have all the approvals by 2030. The small nuclear reactor will be built at the site of the existing Temelín nuclear plant. On April 13, Great Britain Energy – Nuclear, a government agency, inked a contract with Rolls-Royce SMR to begin design work for the first small nuclear reactors in the U.K. Beneš said that the Czech small nuclear reactor will be the second one built by the British firm after the first one is completed in the U.K. CEZ has a 20% share in Rolls-Royce SMR and the companies had signed a deal about a strategic partnership, which should result in up to 3 gigawatt energy sources installed in the Czech Republic. The Czech state has an almost 70% stake in CEZ and the government is taking steps to acquire full control of the company. Small modular reactors are a type of
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