Spectator on facebook

Spectator on facebook

Fico: the government does not fear legal actions over Gabčíkovo

THE SLOVAK Government is not afraid of possible court proceedings or arbitration for the termination of the contract with electricity utility Slovenské Elektrárne (SE) on operating the Gabčíkovo hydroelectric power plant (VEG), Prime Minister Robert Fico stated on public service RTVS talk show, on December 13.

THE SLOVAK Government is not afraid of possible court proceedings or arbitration for the termination of the contract with electricity utility Slovenské Elektrárne (SE) on operating the Gabčíkovo hydroelectric power plant (VEG), Prime Minister Robert Fico stated on public service RTVS talk show, on December 13.

Fico stated at a press conference on December 4 that Slovakia has terminated the contract on the rental of the VEG to the SE, accusing SE of violating of the contract.

“After eight years of operating the Gabčíkovo hydropower plant by the Italian company Enel [which has 66-percent state at SE], we have decided, based on flagrant violations of the contract on operation of the Gabčíkovo hydropower plant, to terminate the contract as of today,” Fico told the press. “SE… refuses to provide us elementary data and information that would allow us to determine to what extent the distribution of profits from the hydropower plant is just or unjust for the state.”

Earlier in this week, SE announced that it will ask the state for compensation over the termination of the contract, according to the TASR newswire.

During the talk show, Fico reiterated his view that Gabčíkovo was virtually “donated” by former two-times prime minister Mikuláš Dzurinda’s government to Enel under disadvantageous conditions for the state and at odds with international law.

“The Gabčíkovo hydroelectric plant should have never been rented out to the Italian company Enel,” said Fico, a quoted by TASR.

On private broadcaster TA3’s discussion programme on December 14 Fico further stated that Slovakia cannot lose anything on terminating the contract. Considering the 35-percent share of yields from Gabčíkovo going to SE and Enel as the majority shareholder, SE has received €340 million for running the hydroelectric power plant over the past eight years. At the same time, the contract was signed for the period of 30 years, noted Fico.

“It’s a win-win situation for us,” said Fico, as quoted by TASR. “We can’t lose anything, we can only gain.”

Source: RTVS, TA3, TASR

Compiled by Roman Cuprik from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Gilden: Take the negative and make a positive from it Photo

The works of New York native, photographer Bruce Gilden, who has worked for five decades in the streets of the biggest cities, are on exhibit in the Kunsthalle (House of Arts) in Bratislava.

Bruce Gilden: Feast of San Gennero, Little Italy, 1984.

The ongoing struggle for a free and democratic Slovakia

The people of Slovakia deserve the credit for the remarkable progress that this country has made over the past twenty-five years, US ambassador writes.

Illustrative stock photo

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 24 and December 3, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Christmas Markets Bratislava

Robert Fico has lost the electoral magic he once had Plus

But his party can still bounce back if they do the things that make parties resilient.

Robert Fico claims that Smer won the regional elections because it is the party with the most chairs in regional councils.