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Talks with Rosatom over new nuclear power plant end

THE NEGOTIATIONS with the Russian company Rosatom on its possible entry into the project of the construction of a new nuclear power plant in Jaslovské Bohunice are over for now, according to Economy Minister Tomáš Malatinský,

THE NEGOTIATIONS with the Russian company Rosatom on its possible entry into the project of the construction of a new nuclear power plant in Jaslovské Bohunice are over for now, according to Economy Minister Tomáš Malatinský,

The state and Rosatom failed to conclude talks as the state is not able to fulfil the demands of the Russian company at present, Malatinský said, as reported by the SITA newswire. He however did not rule out that the talks will resume if the conditions change. The state failed to agree with the possible investor on a guarantee of purchase prices of electricity generated in the new facility. This was one of Rosatom’s conditions for entering the project.

“At the moment we have no commitment towards Rosatom about their having any exclusivity,” Malatinský said, as quoted by SITA, and suggested that another strategic investor entering the project has not been ruled out. A number of informal meetings are currently taking place, in which others have suggested that they might be interested, Malatinsky admitted without specifying the parties involved.

Rosatom has repeatedly claimed it is interested in entering the project, with the potential start of construction in 2021.

Currently, the preparation works on the project’s construction are progressing as planned. The JESS company has finalised the selection process for the EIA report provider. The company AMEC was selected for the task.

The feasibility study suggests that testing of the operation of the new power plant could start after 2025, according to SITA.

The cost of the project is estimated at €4 billion to €6 billion.


Source: SITA

Compiled by Michaela Terenzani from press reports
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