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Enel deal reached

THE SLOVAK Economy Ministry and Italian company Enel have reached an agreement over the conditions of the sale of Slovenske elektrarne, Slovakia’s nuclear power producer.

Following a lengthy tender process, Enel has been in official talks with the Slovak government for a month about purchasing a 66-percent stake in the company.

Economy Minister Pavol Rusko said that Enel has agreed to prepare analyses for further investments in Slovenske elektrarne by the summer of 2005.

“If we don’t agree on the investments, the purchasing contract will be invalid,” Rusko told the Pravda daily.

Rusko is an advocate of the completion of the Mochovce nuclear power plant, which, according to Pravda, could cost around Sk45 billion (€1.2 billion). It would like to see other investments made in Slovenske elektrarne as well.

Apart from any future investments, Enel must pay Sk33.7 billion (€900 million) for the Slovenske elektrarne stake.

According to Pravda, the government will take up discussions about the Slovenske elektrarne agreement November 16.

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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