THE ITALIAN energy giant Enel is satisfied with the outcome of talks with the Slovak government on the final price of the 66-percent stake in Slovakia’s dominant electric energy producer, Slovenské Elektrárne (SE), the spokesman of the Italian company confirmed to the SITA newswire on October 5.
Based on an agreement on concluding the privatisation of SE submitted by the Economy Ministry for interdepartmental review, the state and SE agreed that the purchase price of over €839 million paid by Enel for the majority stake in the power utility is final.
Slovakia earned an additional €113.8 million from the sale of the 66-percent stake in SE to Enel because SE agreed to waive repayment of the sum provided to the construction company Vodohospodárska Výstavba for the Gabčíkovo-Nagymaros hydropower project on the river Danube, the Economy Ministry said.
“In discussions between the Economy Ministry and Slovenské Elektrárne, the sides agreed to waive the liability, saving a significant financial amount from the state budget,” the ministry told SITA.
12. Oct 2009 at 0:00 | Compiled by Spectator staff