The cabinet agreed on Wednesday, July 3 to extend the deadline for negotiations with the Russian company Rosatom on its eventual entry into the project of building a new nuclear power plant in Jaslovské Bohunice.

The investor wants to enter JESS (Nuclear Energy Company) and construct nuclear units in Jaslovské Bohunice, but it has a condition. (Jadrová energetická spoločnosť Slovenska, a. s., is a joint venture of the Slovak Jadrová a vyraďovacia spoločnosť, a. s. [JAVYS], which owns a 51-percent share, and the Czech power group ČEZ, which owns a 49-percent share of the company.) Rosatom wants a guarantee from the state securing the minimum price of the generated energy. Under current market prices, it would receive from Slovakia some €150 million annually.

Vice-President of Rosatom Overseas Leoš Tomíček confirmed the request for the Pravda daily. “We believe that we will clinch a deal with the state until the year’s end and kick off the construction,” he remarked.

According to the approved resolution, Economy Minister Tomáš Malatinský should present the results of the negotiations to the cabinet by the end of this October, the SITA newswire wrote.

Originally, the ministers were supposed to learn more about the intentions of the Russian investor in Bohunice by the end of June, but according to the Economy Ministry, because of a shortage of time the negotiations could not be completed. "Working teams have quite clearly defined the main open areas where it will be necessary to agree and identify clear solutions and so that the project is prepared in the highest quality so that it represents an attractive investment opportunity for shareholders and financing banks," the Economy Ministry summed up the negotiations so far.

According to the department, negotiations with Rosatom have become complicated by declining electricity prices on commodity markets, the collapsing market for the trading of carbon dioxide allowances and disparate mechanisms to support renewable energy sources in member states of the European Union.

(Source: Pravda, SITA)
Compiled by Zuzana Vilikovská from press reports
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