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Czech government approves framework plan for new nuclear plant

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The Czech government has given preliminary approval for a plan by a subsidiary of electricity producer ČEZ to build a nuclear power station with the government providing guarantees to help it secure cheaper financing. ČEZ is 70 percent state-owned and has previously declined to invest in nuclear alone given high costs and unclear returns. The plan presented by Industry and Trade Minister Karel Havlíček does not specify how to handle economic viability.

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