Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

Fico: Gabčíkovo should belong to Slovakia

THE GABČÍKOVO hydro dam "should belong to the state", while the contract by which the Slovenské Elektrárne (SE) power utility acquired the use of Gabčíkovo is unfavourable for Slovakia and has been null and void from the start, said Prime Minister Robert Fico.

Fico added that the cabinet would be devoting more attention to this issue in the near future.

According to the prime minister, the new owner of SE, the Italian company Enel, was given control of the production of electricity at Gabčíkovo "free of charge", meaning that Slovakia now loses Sk1.5 billion to Sk2 billion annually in revenue it should be receiving.

Enel gained access to Gabčíkovo through the terms of the privatization sale of a 66 percent SE stake under the previous Mikuláš Dzurinda government.

Fico also claimed that, according to legal analyses, the contract signed between SE and Vodohospodarská Výstavba for the lease of the Gabčíkovo hydropower plant has been void from the start.

"SE has no legal right to Gabčíkovo, and we will do our best to ensure that the electricity produced there will be used for the benefit of Slovakia and not for the Italian owner of SE.

"However, this has nothing to do with the deal concerning the sale of the 66 percent stake [in SE], which will remain untouched," Fico said.

SE spokesman Juraj Kopriva said his firm regards the contract according to which SE uses the Gabčíkovo waterworks as valid.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Mika: Security in Bratislava’s very centre has become an issue

Former top media manager Václav Mika believes experiences from running the public-service broadcaster can be useful in running the capital.

Václav Mika

Controversial businessman Kočner charged in Five Star Residence case

The businessman suspected of ties to top politicians has been accused in the case of dubiously transferred flats in a famous housing complex in Bratislava.

Five Star Residence

Blog: Beyond “The Invisible”

Journalist Anca Dragu urges foreigners to make politicians care by casting their votes in the upcoming municipal elections on November 10.

Regional election 2017

Meet Slovakia’s expert on cryptocurrencies. He is 18

The Duke of Edinburgh programme helped me learn how to do things regularly and gave me great experience, said Mário Havel in an interview with The Slovak Spectator.

Mário Havel