HomeNuclearEight groups line up for Slovak power sale

Eight groups line up for Slovak power sale

27 September 2002 – Eight companies have made non-binding offers for Slovakian state power producer Slovenske Elektrarne.

The Slovak authorities revealed today the extent of interest in the privatization in which 46%-49% of the company will be sold in the middle of 2003.

The sell-off includes the separation of Slovenske Elektrarne’s generation business into two subsidiaries, one to run its two nuclear power stations and the other to operate its conventional thermal plants.

The bidding companies, none of whom have been named, need to stipulate whether it is their intention to control Slovenske Elektrarne as a whole or only one of the two subsidiaries. A shortlist is expected to be made over the next two weeks with a deadline for binding bids to be set for early 2003.