Energy law is missing

THE ECONOMY ministry is late in preparing the key law on decommissioning Slovakia’s nuclear power plant. The law is an inevitable part of the sale of a 66 percent share in the Slovenské elektrárne (SE) power plant.

The law should be in place from January 1, 2005, but the ministry has not yet started its preparation, the daily Pravda wrote.

The power plant is valueless without the law, as potential investors will not know the source of the Sk90 billion (€2.3 billion) needed to finish the decommissioning process.

Potential investors are currently offering between Sk40 billion (€1 billion) and Sk19 billion (€475 million) for the stake in SE. If they were also required to pay the cost of decommissioning the power plant, they would likely rethink their bids.

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

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