Delays at Dukovany could cost billions, ČEZ warns

A prolonged delay in signing the final agreement for new nuclear reactors at Dukovany could lead to damages amounting to billions of crowns, warned main Czech energy company ČEZ’s Chief financial officer Martin Novák. Costs are expected to arise from staffing, rising construction expenses over time, and capital costs. The delay stems from a Brno court’s injunction filed by French company EDF, which challenged the antitrust ruling that cleared the South Korean KHNP as the winning bidder. ČEZ and its subsidiary Elektrárna Dukovany II are preparing a cassation complaint, hoping for a swift decision. Any major postponement, Novák said, could push back the entire project timeline by months or even years.