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Slovenské Elektrárne officials meet today

THE GENERAL assembly of the Slovenské Elektrárne (SE) electricity producer, expected to deal with a new budget, takes the place today. The budget will influence the completion of the third block of the Mochovce nuclear power plant

THE GENERAL assembly of the Slovenské Elektrárne (SE) electricity producer, expected to deal with a new budget, takes the place today. The budget will influence the completion of the third block of the Mochovce nuclear power plant

“The third block is complete up to around 80 percent,” said (SE) General Director Luca D’Agnese, as quoted by the TASR newswire. “If the budget is approved, 2016 as the date of completion is a good estimate.”

SE is 66 percent owned by the Italian conglomerate Enel, with the rest owned by the Economy Ministry.

The project to complete the two units of the Mochovce nuclear power station was launched in 2008. The original €2.8-billion plan was to complete the third unit in 2012 and the fourth in 2013. Later the budget was increased to €3.8 billion and deadlines extended to 2014 and 2015, respectively.

Enel explains the delay and higher costs as necessary, after changes were made to the project in the wake of the Fukushima disaster in Japan. For the Slovak side, this means allocating additional funds and postponing income from the sale of electricity generated by the new reactors.

Source: TASR

Compiled by Roman Cuprik from press reports
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