On 10 March 1994, the U.S. Ex-Im Bank agreed to provide a $317 million loan guarantee for the construction of the Czech nuclear power plant at Temelin. The loan is taken by CEZ (Czech electricity utility) from commercial lenders and is to cover Westinghouse supplies of: a) instrumentation and control (I&C) equipment and services, b) the initial nuclear fuel.
The total contract is for $419 million, with a U.S. export value of $334 million (the rest is provided by Westinghouse Belgium). Specifically, the I&C contract has U.S. costs 243.1 million, Belgian costs $61.5 million and local costs $23.9 million. The fuel contract has U.S. costs of $90.5 million. Ex-Im Bank guarantees, including fees, total $317 million ($238.9 million for I&C plus $78.5 million for fuel).
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