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

Heavy rains flood the Tatras Video

People had to be evacuated and several hiking routes had to be closed.

Stará Lesná

Trump plays with the world like a spoiled child

The White House is now broadcasting its most spectacular soap opera, beating and overcoming those of sundry leaders from different continents and different times.

Donald Trump

Last Week in Slovakia: People marched for LGBTI rights in Bratislava Audio

Listen to all the headlines from The Slovak Spectator's news podcast.

Rainbow Pride in Bratislava

Government has no plans to officially commemorate the victims of the 1968 invasion of Czechoslovakia

Presidents of the Slovak and Czech Republics will take a train ride to mark the founding of the Czechoslovak State.

Law Faculty of Comenius University in Šafárikovo Square, where the civilian killings by foreign armies on August 21, 1968, were most concentrated.