The completion of Mochovce: double the budget and numerous delays

After numerous delays, the third block in Mochovce is expected to be put into operation during the upcoming winter, and the fourth one a year later.

The third and fourth nuclear blocks in Mochovce.The third and fourth nuclear blocks in Mochovce.(Source: TASR)

When the completion of two blocks of the nuclear power plant Mochovce was first mentioned, it was expected to cost more than €1 billion.

The original budget from 2008 was higher by several hundreds of millions though. Italian company Enel, which at the time controlled 66 percent of Slovenské Elektrárne power generator, estimated completion at around €3 billion.

After 11 years since construction work started, the budget has more than doubled.

The price went up most recently this April. Slovenské Elektrárne asked for an additional €400 million, but the shareholders approved only a €270-million increase.

The 66-percent stock is now owned by Italian Enel and Czech Energetický a Průmyslový Holding (EPH). The remaining 34 percent is owned by Slovakia and managed through the Economy Ministry.

The current bill for completion is now estimated at €5.7 million.

This may not be the final sum though, as CEO of Slovenské Elektrárne Branislav Strýček admitted during the July 2 review day in Mochovce.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Get daily Slovak news directly to your inbox

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Theme: Energy

Read more articles by the topic

Top stories

Two years after the murders: We should never forget Ján and Martina

Slovakia commemorated the murders of Ján Kuciak and Martina Kušnírová. The organisers called on people to attend elections.

Freedom Square in Bratislava on February 21, 2020.

Two years since the murder: How the Kuciak case changed Slovakia

The far-reaching consequences of the murder: What happened in Slovakia between February 2018 and now.

Illustrative stock photo

Ján Kuciak and Martina Kušnírová remembered by diplomatic community

The investigative journalist and his fiancée were murdered two years ago, on February 21.

The diplomatic community lights candles in memory of Ján Kuciak and Martina Kušnírová near the Visitation of Virgin Mary Church on SNP Square.

They tried to exploit Sagan’s name in a scam. Lies, he responds

The scam promised the quick earning of money and without risk.

Peter Sagan rejoices after his victory at TdF, July 8