Third reactor block at Mochovce to be launched in 2Q19

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Third reactor block at Mochovce to be launched in 2Q19

11. 07. 2018 12:10

Prime Minister Peter Pellegrini paid an inspection visit to Mochovce Nuclear Power Plant. As he informed, the Italian firm Enel will provide, from its own resources, a shareholder loan to energy utility Slovenské elektrárne of €700 million, with the money to be used to cover the costs of constructing the third and fourth reactor blocks at power plant. "This isn't an increase in the budget, which is set at €5.4 billion. Of this amount, €4.9 billion has already been contracted and more than €4.5 billion has been paid out," said Pellegrini. The Government agreed in March 2017 to increase the budget from €4.6 billion to €5.4 billion under the condition that the majority shareholder would provide the financing needed to complete the third and fourth blocks from its own resources. The Government was to approve a loan to Slovenské elektrárne at the Government session on Wednesday. Branislav Strýček, the chair of the board of directors and CEO of Slovenské elektrárne informed that the third block is scheduled to begin operating in the second quarter of 2019, with the fourth block to be launched roughly a year later if nothing unforeseen happens. The Mochovce power plant should originally have been launched in 2012, with an estimated budget of €2.8 billion. The dates have gradually been postponed, with the budget increasing. An extraordinary general government meeting last March approved a strategic plan for 2017-21, including the completion of the third and fourth blocks for €5.4 billion. During the inspection, the premier said that he would return to Mochovce along with the economy minister in the autumn of this year.


Martina Šimkovičová, Photo: TASR

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