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Slavia eyes geothermal energy

THE INVESTMENT group Slavia Capital announced last May that it planned to invest in geothermal energy in eastern Slovakia, specifically in the village of Teriakovce near Prešov. That month Peter Gabalec, the chairman of the board of directors of Slavia Capital, signed a memorandum of understanding with Pavel Hagyari, the mayor of Prešov, and Miroslav Angelovič, the mayor of Teriakovce, to begin joint implementation of the project, the SITA newswire wrote in May.

THE INVESTMENT group Slavia Capital announced last May that it planned to invest in geothermal energy in eastern Slovakia, specifically in the village of Teriakovce near Prešov. That month Peter Gabalec, the chairman of the board of directors of Slavia Capital, signed a memorandum of understanding with Pavel Hagyari, the mayor of Prešov, and Miroslav Angelovič, the mayor of Teriakovce, to begin joint implementation of the project, the SITA newswire wrote in May.

The goal is to use geothermal energy in the village to generate electricity and heat, and to develop leisure-time activities such as an aquapark and a salt spa to support tourism in the region, as well to heat greenhouses for agricultural purposes. The total investment in the project will be known only after a feasibility study is completed but first estimates were around €30 million.

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