26 October 2011

CZECH REPUBLIC : Prague Moves Ahead With 5 New Nukes; $25 Billion Up For Bid.

                                            WSJ / S.CARNEY

      While neighboring Germany dramatically backs away from nuclear power...the Czechs are planning to spend $25bn to build 5 new nuke plants.
      The nation is seeking bids...as it hopes to move away from dependence on Russia for 75% of its oil and gas.
     The Czechs currently get 30% of their energy from 6 nukes...and want to increase it to 50%.