MPs approve law needed for SE sale

SLOVAK MPs approved a law on the national nuclear fund, fulfilling one of the conditions necessary to conclude the takeover of the Slovak power producer Slovenské elektrárne (SE) by the Italian company Enel, which will control a 66 percent stake in SE.

SE privatization is scheduled to conclude in April this year.

The new law will resolve the financing of the existing deficit for the liquidation of outdated nuclear facilities and materials, which, according to TASR news agency, is estimated at Sk15 billion (€401 million).

The law states energy consumers will contribute Sk0.05 per each kilowatt-hour of energy as of July this year. The contributions will be paid in the course of the next 20 years.

Apart from end-consumers, the operators of the nuclear facilities will also participate in financing the nuclear liquidation. They will pay Sk350,000 for every megawatt of installed output of the given nuclear facility, plus a contribution on the level of 5.95 percent of the sale price of electricity produced in the nuclear facility for each previous year.

All collected funds will be put into a so-called national nuclear account, which will operate on a state fund basis.

Compiled by Martina Jurinová from press reports
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