Can ČEZ afford Temelín 3&4?

In Temelinomics, we explore the economics of building two new reactors at NPP Temelín. In the first part, we re-examine the stated costs of the project and consider what costs might have been overlooked. Then we review CEZ’s financial condition to identify reasons why the company cannot afford to build Temelin 3&4. Finally, we do a simple valuation of the project and, using a Monte Carlo simulation, we show that the project will fail to break even.