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IN SHORT

SE privatization pushed back to early 2006

THE PRIVATIZATION of a 66-percent stake in Slovakia's dominant power producer Slovenské elektrárne (SE) will be completed early next year instead of by the end of this year as originally agreed, Economy Minister Jirko Malchárek said on November 4, the TASR news wire reported.

The state privatization agency approved Enel's investment strategy for SE, but the completion of the transaction hangs in the balance. Some issues are yet to be settled, including SE's unfavourable long-term contracts with clients such as aluminium smelter Slovalco and the EU-inspired closure of ageing reactors at the Jaslovské Bohunice nuclear power plant.

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