Apr 09, 2024

Czech Government Invests Six Billion Euros in New Nuclear Reactors

The Czech government is investing in nuclear energy as a means to decarbonization.

The Czech government wants the new units to gradually go into service between 2029 and 2040, and fully phase out from Coal and Lignite by 2033.

The goal is for oil and gas to be phased out by 2050, according to the ambitious National Energy and Climate Plan.

The Czech Republic is traditionally a carbon energy exporter, yet its government is seemingly ready to cut ties.

In a speech made in March at a nuclear energy summit in Brussels, Czech Prime Minister Petr Fiala said, “From the Czech perspective, nuclear is a cost-effective way to decarbonization. It brings grid stability and security of supply. It is the only way to reach our energy independence.”

According to an exclusive IPSOS and Euronews poll, the Czech people are the least concerned EU electors, after the Poles, by climate change. 34% agree that climate is a priority, whilst 21% do not.

Industry and Trade Minister Jozef Sikela said an assessment of the bids should be completed by the end of May.

READ ALSO:   Czechia Sees Lowest Unemployment Rate in March in All of EU: Eurostat

The Czech Republic already relies on six nuclear reactors to generate more than a third of its electricity.

Besides four in Dukovany, state-controlled power company CEZ operates two 1,000-megawatt reactors at the Temelin plant.

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