PRAGUE Aug 1 The Slovak government and utility
Enel, which are wrangling over the budget for two new
reactors at the Mochovce nuclear power plant, have agreed to
release 260 million euros ($345.2 million) to pay suppliers to
Slovenske Elektrarne, 66 percent-owned by Italy's Enel and
the rest by the state, wants an extra 800 million euros on top
of the 3 billion already allocated for the project. It said in
May the government had rejected its request for extra funding,
potentially putting the project at risk.
"Both shareholders ... approved the urgent amendments to
contracts with the main suppliers for a total amount up to 260
million euros," an Enel spokesman said on Thursday.
"This decision was taken in order to ensure the continuation
of the most urgent completion works of the project. thus
avoiding significant damages for the company."
The project is euro-zone member Slovakia's largest private
investment and one of the few nuclear projects moving forward in
Europe following the Fukushima disaster and a sharp drop in
wholesale electricity prices.
The two reactors, with a combined capacity of 880 megawatts,
are expected to start up in 2014 and 2015, two years behind
Slovenske Elektrarne already operates two units at Mochovce
and another two at its Jaslovske Bohunice power plant, with a
total installed capacity of 1,950 MW.
($1 = 0.7531 euros)
(Reporting by Michael Kahn,; Editing by Jan Lopatka and Jane