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April 10, 2014 AT 7:02 AM
Czech state-run power utility CEZ says it has canceled a tender to build two more nuclear reactors at the Temelin power station because falling electricity prices have made the multi-billion dollar project less feasible. U.S.-based Westinghouse Electric Company and a consortium led by Russia's Atomstroyexport were bidding to build the reactors. The U.S. embassy in Prague said in a statement the U.S. government was "deeply disappointed" by the decision.