CEZ to pick reactor project's contractor this year, exec says

05/7/2013 | Wall Street Journal, The

CEZ plans to decide this year on the contractor for the development of two reactors at its Temelin facility in the Czech Republic, an executive said. "After a contract [to build the reactors] is signed, we can quit at any time with no explanation within four years, and the maximum cost can be [about $525 million]," said Martin Novak, CEZ's chief financial officer.

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