Czechs Bet on $7 Billion Nuclear Plan for Low-Carbon Future (2)

The Czech Republic moved closer to building another nuclear reactor by pledging financial support for a project it considers key to meeting its climate goals.

The government signed a deal with utility CEZ AS on Tuesday, in which it agrees to pay a fixed price for electricity from the planned new unit at the aging Dukovany atomic plant. The state has also pledged to provide a cheap loan to CEZ that will be interest-free for the duration of the construction between 2029 and 2036.

While nuclear power has for years been the cornerstone of the country’s plans to curb carbon ...