Žiga: Completion of Mochovce plant to cost more than €4.6 bn

The completion of construction work on the third and fourth reactor blocks at Mochovce nuclear power plant (NPP) might be overpriced, Economy Minister Peter Žiga admitted.

Economy Minister Peter ŽigaEconomy Minister Peter Žiga (Source: TASR)

Following the government session on May 25, Žiga confirmed that Mochovce’s operator, Slovenské elektrárne (SE), indicated the need to increase the budget from the current €4.6 billion at a meeting on May 24. According to him, the two sides agreed to set up an expert team.

“I see significant progress in communications, in the setting of processes regarding the construction,” minister said, as quoted by the TASR newswire. “Despite this, the board of experts, people who are experienced in investment activities like this, will have to meet and assess whether a potential increase is or isn’t OK, whether it is grounded, whether it has or doesn’t have an argumentation basis,” he said.

Žiga also said that launching the new reactors is a process that will take several months, and SE will present all the details at a press conference. “It will inform the public about its idea of launching the third and fourth blocks and about the deadlines within which it intends to do so,” the minister announced. “At the moment, I’m working with the schedule from 2014. The launch itself isn’t a matter of a few days, it’s a matter of several months, as you have to pump in fuel, carry out cold tests, warm tests, pressure tests,” Žiga said. According to earlier plans, Mochovce’s third block should have been put into operation by the end of this year.

The state currently controls 34 percent of SE. The remaining stake is held by Italian group Enel, which has already agreed to sell its shares to Czech Energetický a prúmyslový holding (EPH). Referring to a high-ranking source close to the construction project, Hospodárske Noviny daily reported in early May that the completion of the reactors could eventually cost €5.1 billion due to added safety measures.

 

Get daily Slovak news directly to your inbox

Theme: Energy

Read more articles by the topic

Top stories

News digest: Slovakia to spend three Advent weekends with testing. President wants it to be voluntary

Seven candidates for the general prosecutor post approved. Acting general prosecutor steps down.

Installation of Christmas tree in Trnava

Who was behind the sale of one of the biggest banks in Slovakia

The largest law firms were involved in several innovative projects, too.

UK nationals in Slovakia advised to take action as end of transition period nears

UK Nationals should check the British Embassy's "Living in Guide" for the most up-to-date information.

Illustrative stock photo

Three rounds of testing should take place before Christmas

The first round will be nationwide and should take place in two weeks.