The Vojany power station in eastern Slovakia is set for modernisation after the country’Vojany coal-fired power plants economy ministry announced the signing of a memorandum of understanding withr US energy firm Theta Energy.

The deal enables potential investment of between $600-800m to modernise the coal-fired power plant.

The 220 MW Slovenske Elektrarne owned plant could see investment in not just the modernisation of the plant but also the creation of a technology park to develop and produce innovative technologies.

A deal could add 800 jobs, the ministry said, in a region where up to 20 percent are unemployed, twice the national average.

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