HomeEditors PicksEnel calls on Slovakian government to back nuclear projects

Enel calls on Slovakian government to back nuclear projects

Enel SpA says it may have to halt work on nuclear power development in Slovakia unless the government approves a plan to increase financing for the project.

Slovenske, the company’s Slovak unit said in a statement that the government must “quickly” approve a plan to increase financing for the project or works at two additional reactors at the Mochovce site operated by Enel’s Slovenske Elektrarne AS may be halted.
Slovakia nuclear power plant
A spokesman for Enel, reported in Bloomberg, says an additional $1.03bn will need to be spent as the project’s “complexity and a need to meet the latest safety standards” boosted building costs.

The Slovak government didn’t back higher spending plans at a shareholder meeting mid-week as it says it needs more information on the project.

Slovenske, which owns 66 per cent of the project, allotted $3.89bn towards it, making it the largest private investment in the country. The Slovak government owns the remainder.

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