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The UK SMR concept is a standard small pressure water reactor, with a planned operating time of 60 years and installed power of 440 MWe. The construction period of the entire facility should not exceed five years, ÄŒEZ noted.

Tom Samson, interim CEO of the UK SMR Consortium, said: “The affordability and speed with which we can assemble the entire power station will no doubt make it a very attractive option for ÄŒEZ as it looks to its future reliable low-carbon energy supply."

Daniel BeneÅ¡, chairman of ÄŒEZ added: "New energy solutions and technologies play an important role in our business and we have been focusing on small modular reactors for quite some time now, especially in our top research company UJV Řež. In the future, they can be an important alternative that we cannot ignore."

ČEZ operates six units at its Dukovany and Temelín nuclear power plants, which produce more than a third of all electricity in the Czech Republic. ČEZ subsidiary Elektrárna Dukovany II is currently working on the construction of a new unit at the Dukovany site. It intends to operate the existing units for 60 years.

Bohdan Zronek, a director of ÄŒEZ's Nuclear ¶¶Òõ´«Ã½ÔÚÏß Division, said: "Although we are working intensively on a new reactor unit at Dukovany, we are involved in these projects with a view to further development of nuclear energy, whose position in the energy mix of our company will continue to grow."