Czech company ČEZ and Rolls-Royce sign deal related to small nuclear reactor
AP News
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Czech power company ČEZ has signed a deal with U.K. company Rolls-Royce SMR to prepare for building the first small modular nuclear reactor in the Czech Republic. ČEZ chief executive Daniel Beneš said Friday that the work includes the project plan and licensing documentation needed for building permits.
The company hopes to have the approvals by 2030.
The reactor will be built at the existing Temelín nuclear plant. ČEZ has a 20% share in Rolls-Royce SMR and the Czech state holds almost 70% of ČEZ. Small modular reactors are designed to be built faster and at a lower cost than traditional reactors.