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Mikloš mostly satisfied with Enel investment plan

A STRATEGIC investment plan submitted by the Italian company Enel for developing Slovakia's electricity utility Slovenské elektrárne (SE) is clearly written though not specific enough, acting Economy Minister Ivan Mikloš told the TASR news wire.

"The plan states the conditions under which SE can be profitable, and obtain the necessary funds for investments, including for the completion of the nuclear plant at Mochovce," said Mikloš.

According to Mikloš, the plan makes no claims on state finances for the completion of the third and fourth reactor blocks at the Mochovce plant. The cabinet has already agreed that it will approve the completion of the blocks only if this doesn't require any public money.

However, Mikloš admitted that the rules defined by the Slovak side concerning the closedown of the nuclear plants in Jaslovké Bohunice were not clear enough.

Mikloš added that the privatization of SE is behind schedule.

The acceptance of the strategic investment plan is an important condition that needs to be met before Enel can purchase a 66-percent stake in SE.

The plan should be approved by the National Property Fund (FNM). Enel is set to pay €840 million (Sk32.6 billion) for its stake in SE.

Compiled by Beata Balogová from press reports
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