Czech government plans to invest in Rolls-Royce's small modular reactor

ČEZ, a partially state-owned Czech energy company, is set to make a major investment in Rolls-Royce's small modular reactor (SMR) division. A deal is expected to be signed soon, Czech Minister of Trade and Industry Lukáš Vlček (Mayors and Independents Party) told Czech Radio. The capital investment is estimated to be in the range of several hundred million British pounds, or billions of Czech crowns. This partnership aims to boost not only the energy sector but also Czech industries such as engineering and electronics. While the government supports the nuclear sector's development, plans for a state-owned gas company are currently on hold due to a lack of funding.