Latest news with #SlovenskeElektrarne
Yahoo
17-06-2025
- Business
- Yahoo
Slovakia near deal with US for Westinghouse to build nuclear reactor, PM Fico says
(Reuters) -Slovakia is close to a deal with Washington that would see U.S. company Westinghouse build a new nuclear reactor in the central European country, Prime Minister Robert Fico said on Tuesday. Slovakia, which currently has five nuclear reactors at two plants, plans to expand its nuclear power capacity in the coming decades to meet growing consumption. The government approved plans last year for a new unit owned by the state and operational by 2040. Fico told a news conference that an agreement between the Slovak and U.S. governments was being prepared and that his government was waiting for the final U.S. position. "As long as this goes through, we can move toward the signing of an intergovernmental agreement that would be aimed at having American company Westinghouse build a new nuclear power unit at the Jaslovske Bohunice nuclear power plant," he said. "It is a huge investment. We are talking about a new unit with output of 1,250 megawatts." He did not say how much the deal would be worth. Slovakia's economy ministry last year estimated costs could run up to 10 billion euros ($11.57 billion). Slovakia's electricity production surpassed its annual consumption in 2023 after Slovenske Elektrarne completed the 472 MW nuclear power Unit 3 at the Mochovce plant. Slovenske Elektrarne is majority owned by Czech energy holding company EPH and the state has a 34% stake. It is now completing another reactor at the same site and also operates two 505 MW units at the Bohunice plant. ($1 = 0.8645 euros) Sign in to access your portfolio
Reuters
17-06-2025
- Business
- Reuters
Slovakia near deal with US for Westinghouse to build nuclear reactor, PM Fico says
June 17 (Reuters) - Slovakia is close to a deal with Washington that would see U.S. company Westinghouse build a new nuclear reactor in the central European country, Prime Minister Robert Fico said on Tuesday. Slovakia, which currently has five nuclear reactors at two plants, plans to expand its nuclear power capacity in the coming decades to meet growing consumption. The government approved plans last year for a new unit owned by the state and operational by 2040. Fico told a news conference that an agreement between the Slovak and U.S. governments was being prepared and that his government was waiting for the final U.S. position. "As long as this goes through, we can move toward the signing of an intergovernmental agreement that would be aimed at having American company Westinghouse build a new nuclear power unit at the Jaslovske Bohunice nuclear power plant," he said. "It is a huge investment. We are talking about a new unit with output of 1,250 megawatts." He did not say how much the deal would be worth. Slovakia's economy ministry last year estimated costs could run up to 10 billion euros ($11.57 billion). Slovakia's electricity production surpassed its annual consumption in 2023 after Slovenske Elektrarne completed the 472 MW nuclear power Unit 3 at the Mochovce plant. Slovenske Elektrarne is majority owned by Czech energy holding company EPH and the state has a 34% stake. It is now completing another reactor at the same site and also operates two 505 MW units at the Bohunice plant. ($1 = 0.8645 euros)
Reuters
26-03-2025
- Business
- Reuters
European Commission approves EPH's takeover of Slovak energy utility
March 26 (Reuters) - The European Commission has approved the acquisition of sole control of Slovakia's main energy utility, Slovenske Elektrarne, by Czech billionaire Daniel Kretinsky's energy holding company EPH, it said on Wednesday. EPH had signed a deal to acquire Italian group Enel's ( opens new tab 50% stake in their joint holding company, which owns 66% of Slovenske Elektrarne. The Slovak state owns the other 34% share in Slovenske Elektrarne. "The transaction relates primarily to the production and sales of electricity, distribution of gas as well as balancing and ancillary services," the Commission said in a statement published on Wednesday. "The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the market structure." Slovenske Elektrarne, which operates nuclear, hydro and solar power plants, put one new nuclear power unit into operation in 2023 and is completing a second. It generated 21.66 TWh of electricity in 2023. Kretinsky has built EPH into one of Europe's biggest energy groups, first by investing in coal power plants before taking on greener energy assets. He has also branched out into other investments in retail, media and logistics, including clearance to buy Britain's Royal Mail in a 3.57 billion pound ($4.5 billion) deal.
