Published:23.10.2024
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Czech Republic to advance nuclear energy initiatives

The Czech Government to Invest in Rolls-Royce's Small Modular Reactor Program

The Czech government is set to invest in the small modular reactor (SMR) program of British company Rolls-Royce. Minister of Industry and Trade Lukáš Vlček indicated that ČEZ, the state majority-owned energy company, is expected to acquire a stake in this program, similar to its involvement with the Dukovany nuclear power plant. The investment, estimated to be several hundred million British pounds, aims to support the development of nuclear energy and related industries, with a final decision anticipated by the end of the year. Small modular reactors are smaller than traditional nuclear plants and offer advantages like simpler licensing and lower construction costs

Source: https://radio.cz