Approval of Slovenské Elektrárne’s budget postponed

THE GENERAL assembly of the Slovenské Elektrárne (SE) electricity producer discussing its new budget postponed the budgetary procedure until November 21. The assembly should decide about increasing the budget by €800 million to finish the nuclear plants of Mochovce, the SITA newswire reported on November 7.

THE GENERAL assembly of the Slovenské Elektrárne (SE) electricity producer discussing its new budget postponed the budgetary procedure until November 21. The assembly should decide about increasing the budget by €800 million to finish the nuclear plants of Mochovce, the SITA newswire reported on November 7.

“The general assembly of the Slovenské Elektrárne was postponed since the Economy Ministry still continues discussions with Slovenské Elektrárne about measures in the area of making project management more effective,” Economy Ministry spokesperson Miriam Žiaková told the SITA.

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: SITA

Compiled by Roman Cuprik from press reports
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