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Construction resumes on nuclear power plant

Economy Minister Pavol Rusko says that nothing stands in the way of completing the third and fourth blocks of the Mochovce nuclear power plant, daily SME reports.

The Economy Minister said that all three bidders in the privatisation of the power utility Slovenské elektrárne are interested in finishing the construction. The bidders are competing for a 66-percent stake in Slovenské elektrárne.

Rusko has already ordered construction to start.

"It [the preparatory stage] should last approximately a year to ensure that everything is prepared before the investor arrives," Rusko said.

He assumes that both blocks will be finished by the end of 2009. If the cabinet approves the economy minister’s choice of investor, additional approval for the completion of the nuclear power plant will not be needed.

Rusko also said he is entitled to select the winner of the bid for Slovenské elektrárne on his own.

"If I feel that it is relevant, politically acceptable, and economically justifiable, I might do so irrespective of the stand of the privatisation commission," Rusko said.

The commission will meet on September 10 to evaluate the bids submitted on September 3 by CEZ of the Czech Republic, the Russian-led consortium InterRAO, and Enel of Italy.

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

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