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Civil Nuclear Trade Mission – Czech

July 19, 2010

Francisco J. Sánchez is the Undersecretary of Commerce for International Trade

We traveled from Poland to Prague, where the magnificence of the cobblestone streets and crumbling spires are as historic as the government tender that is currently open for bidding –  the two new nuclear power plants scheduled for building represent the largest single U.S. commercial opportunity not only in Czech, but in all of Europe.   The project is worth an estimated $27.5 billion, and will create thousands and thousands of jobs.  If Westinghouse, one of three companies in the final running along with competitors from France and Russia, wins the bid, billions of those dollars will represent new U.S. exports, and thousands of those jobs will be high-paying U.S. jobs.  We are promoting a fair and transparent procurement process, for if that happens, we are confident nobody can match the experience, expertise and technology of powerhouse Westinghouse.  This is what the National Export Initiative is all about.

After touring the actual Czech build site at Temelin, we traveled by bus through the sun-flowered rolling hills onwards to Slovakia and the charming capital of Bratislava.  One barely notices when crossing the border of these neighboring countries, and their commercial ties are deeply intertwined as well.  In fact, the largest energy project currently in the works would be constructed and operated as a joint venture – 51% owned by the Slovak government and 49% owned by the Czech Energy Works.  As we have throughout this trade mission, we enjoyed a warm welcome by our local staff as well as government counterparts, and candid discussions on opportunities and working together.  The tender here reflects the importance of financing in landing these enormous deals – as private financing must be secured for the entire cost of the project.  This is where our inter-agency efforts are critical, and our ability to provide access to capital and financing for our companies essential in enhancing our exports abroad.

8 comments

  1. the trade in china is good


  2. Really can trade nuclear?


    • U.S. companies have been suppliers of nuclear reactor components, fuel, and services for decades. According to the International Trade Commission, in 2009 the U.S. exported in excess of $2.3 billion in nuclear components and fuel. The United States has developed a comprehensive export licensing regime to ensure the safe, secure trade of civil nuclear technology. Currently, many countries are experiencing a resurgence of interest in developing nuclear power as a carbon free form of energy. Because of this resurgence, there are many opportunities for U.S. nuclear supply companies to increase their exports.

      If you’d like to learn more about the U.S. Department of Commerce’s Civil Nuclear Trade Initiative contact David Kincaid at David.Kincaid@trade.gov. For other resources, visit the International Atomic Energy Agency’s website at http://www.iaea.org and the Nuclear Energy Institute’s site at http://www.nei.org.


  3. Very interesting post..


  4. I’ve heard that Prague is a beautiful city. Thanks for sharing your experience. It’s great that this project will create thousand of jobs.


  5. I have liked your thoughts, I am going to subscribe your blog and will come here again
    to know more. thanks,
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    Iraqi Dinar


  6. i think Prague is beautiful city.Nice posting describe by you.



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