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SE shareholders approve €85 million for EMO construction

THE STATE will allocate another €85 million for the construction of the third and fourth blocks of the nuclear power plant in Mochovce (EMO), based on an agreement between the shareholders of the owner of the plant, Slovenské Elektrárne (SE), the SITA newswire reported on January 21.

THE STATE will allocate another €85 million for the construction of the third and fourth blocks of the nuclear power plant in Mochovce (EMO), based on an agreement between the shareholders of the owner of the plant, Slovenské Elektrárne (SE), the SITA newswire reported on January 21.

The total cost to construct the two blocks will come to €3.8 billion, unlike the originally planned €2.8 billion. The SE shareholders, i.e. the Slovak state, which owns 34 percent, and Italian company Enel, with 66 percent, have already agreed on allocating €500 million. This means that the company still lacks some €400 million. Construction of the third block is slated to finish in 2014, and the fourth block in 2015, SITA wrote.

The new blocks will put out about 1,000 Megawatts.

SE began the construction of the two blocks on November 3, 2008, when it opened the EMO. It officially signed the contracts with the main construction companies involved in the project: the Czech Škoda Jaderné Strojírenství and Atomstrojexport from Russia, as well as Slovak firms VUJE, Enseco and Inžinierske Stavby Košice and Italian Enel Ingegneria & Innovazione in June 2009.

Source: SITA

Compiled by Radka Minarechová from press reports

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