BUSINESS IN SHORT

EMO blocks to be finished in 2014-15

CONSTRUCTION of the 3rd and 4th reactor blocks of the nuclear power plant in Mochovce (EMO) should now be completed at the end of 2014 and 2015, with the planned costs of the entire project increasing by €682 million, the TASR newswire reported on January 30.

CONSTRUCTION of the 3rd and 4th reactor blocks of the nuclear power plant in Mochovce (EMO) should now be completed at the end of 2014 and 2015, with the planned costs of the entire project increasing by €682 million, the TASR newswire reported on January 30.

Moreover, under the new plans the state may receive dividends from electricity utility Slovenské Elektrárne (SE) from 2018, for the year 2017.

“Yet, we want to look for ways for the dividends to be paid out earlier than that,” said Economy Minister Tomáš Malatinský, as quoted by TASR, adding that SE and Enel, the power plant’s majority shareholder, promised to try to pay the dividends sooner.

Malatinský dismissed the threat that the plant will remain uncompleted.

“I want it to be completed within this later deadline and have these deadlines guaranteed,” the minister added, as quoted by TASR.

The government expressed its concerns about the delayed construction of the two reactor blocks at its January 30 session. At the same time the cabinet commissioned Malatinský to hold talks with SE by March 15, 2013 about the causes and consequences of the delays as well as the guarantees that their operation will be launched.

A report should be submitted to the government by him at the end of March, TASR reported.

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