1 February 2013

Slovak Government Announces Two‑Year Delay on Mochovce Project

The Slovak Economy Minister Tomas Malatinsky was quoted by local media as saying that the third and fourth units at the Mochovce nuclear power plant would instead of being completed later this year are now expected to be finished in 2015. In addition, the estimated cost of completion is thought to have risen again, this time from €2.8 to €3.7 billion.

Construction started at the Mochovce units in 1987 and was halted following the political changes in the region. In October 2004, the Slovak Government approved the purchase by the Italian power company ENEL of 66% of Slovenske Elekrarne. ENEL’s investment plan was approved by the Government in 2005 which included the completion of units 3 and 4 for... €1.6 billion.