State agrees to raise budget for Mochovce nuclear power plant

The government has made concessions to the majority stakeholder in the Slovenské Elektrárne (SE) power company, Italy’s Enel, and hiked the budget for the completion of the nuclear power plant Mochovce by further €260 million, according to the Hospodárske noviny daily.

The government has made concessions to the majority stakeholder in the Slovenské Elektrárne (SE) power company, Italy’s Enel, and hiked the budget for the completion of the nuclear power plant Mochovce by further €260 million, according to the Hospodárske noviny daily.

Enel urged the state to boost financing, arguing that if it did not the project would fail and some 10,000 people would lose jobs. Economy Ministry spokesman Stanislav Jurikovič said the step was necessary in order to prevent damages. The total amount for the construction of Mochovce NPP will now surpass €3.25 billion. The price of the Mochovce project has risen by nearly €1.5 billion and the deadline for completion has been shifted from this year to 2014 and 2015, the daily wrote in its Thursday, August 1, issue.

Approving plans to complete the two nuclear blocks in Mochovce has been blocked by Slovak state which holds a 34-percent stake in the NPP. State officials have not specified the reasons as of now. The SITA newswire wrote that SE started completing the Mochovce plant in 2008, singing contracts with main subcontractors on June 2009. SE is owned by the Slovak National Property Fund (FNM) with 34 percent of stakes, and the Italian Enel SpA, with 66 percent.

(Source: Hospodárske noviny, SITA)
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

News digest: Preparations for Bratislava Christmas markets are in full swing

Getting a jab while shopping, challenges of cycling in Bratislava and a solution for clients of failed alternative energy supplier Slovakia Energy.


10 h
Actor Noël Czuczor portrays Alfréd Wetzler in "The Auschwitz Report".

The Allies knew about Auschwitz atrocities, but they bombed the Bratislava refinery instead

A report about the atrocities written by two Slovaks who escaped the camp was ignored for weeks and months.


13. okt
Children flying kites in Žilina.

Short stories about 'unicorns' win a prize

Philip Morris has opened an interactive laboratory in Banská Bystrica, and private radio stations will say goodbye to Slovak music.


14 h
Cyclists and scooter riders wave their way on Obchodná Street.

How to cycle in the centre of Bratislava

Obchodná Street is one problematic stretch for cyclists in the capital.


14. okt
Skryť Close ad