The Czech Government has announced plans to acquire an 80% stake in Elektrárna Dukovany II, a subsidiary of the state-owned energy company ČEZ, which is developing two new nuclear units at the €16bn Dukovany power plant project in southern Czechia. ČEZ would retain a 20% stake in Elektrárna Dukovany II. The 80% stake was valued at CZK3.6bn (€144m).
In late April 2025, Czechia’s competition authority (UOHS) rejected appeals by the French energy group EDF for the construction of the two new units, thus clearing the way for the signing of contracts with South Korea’s Korea Hydro & Nuclear Power (KHNP) to build the reactors. The Czech Government also said a contract would be signed with KHNP on 7 May 2025. The first reactor is expected for completion by 2036.
Czechia aims to rise the share of nuclear power from 35% in 2013 to between 46% to 58% by 2040 (40% in 2023). The country gets electricity from the four VVER-440 units at Dukovany, which began operating between 1985 and 1987, and the two VVER-1000 units in operation at Temelín, which came into operation in 2000 and 2002.
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