Slovakia: budget raise to finish Mochovce nuclear plant approved by government

10/04/2014 00:24 Electricity Market

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The Slovak government has consented to increase the budget by 400 million euros to 3.8 billion euros for the conclusion of two new divisions at the Mochovce nuclear power plant, according to the company which is responsible for building the plant.

Slovenske Elektrarne, an entity of Italy' Enel, is the plant’s proprietor, and for the most important decisions its authorization is required. The Slovak government has a minor share in the project. The two Russian-designed units of 440-MW at Mochovce, started to be constructed under communism near the Hungarian border, but the project has been postponed various times. The initial budget was 2.8 billion euros, preceding the cost raises. A fraction of other supplementary costs is attributable to new security enhancements after the 2011 catastrophe at Japan's Fukushima power plant.

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