Five new investors interested in privatisation of SE power utility

FIVE new investors have expressed interest in buying a 49 percent stake in Slovakia's dominant power producer, Slovenské elektrárne (SE), in a reopened tender. The number of potential bidders has now climbed to ten, news wire SITA reported.

The new bidders include Czech utility CEZ and Russian RAO Unified Energy System.

Economy Minister Pavol Rusko told daily SME that more than one of the potential bidders is interested in buying SE in its entirety, including its nuclear power plants.

The potential investors should submit preliminary bids by December 5. Minister Rusko expects that the shortlist might be released in February or March, 2004.

Rusko recently stated that the settlement of stranded costs of Sk70 billion (€1.69 billion) in discontinued energy projects by SE in the Mochovce nuclear power plant was one of the main reasons for privatising the company. The ability to complete the third and fourth blocks of the nuclear facility will be one of the most important criteria for selecting an investor.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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