The Ministry of Economy of Slovakia has announced that the cost of the Mochovce nuclear expansion project would be higher than the €4.6bn approved by the government. In November 2014, the cost raised by €800m to €4.6bn. The project cost had already been revised upwards, from about €2bn to €3.8bn, due to post-Fukushima safety measures.
The commissioning of the two 440 MW units (471 MW gross) on the site of the existing Mochovce nuclear power plant (two 470 MW units commissioned in 1998 and 1999) has been delayed until late 2016 or early 2017 and 2018, respectively. The project is carried out by Slovakia main power utility Slovenske Elektrarne (34% state-owned, 66% Enel). In December 2015 Enel reached an agreement with Czech energy group EPH to sell its 66% stake in two stages, 33% initially and 33% after the completion of the nuclear project; EPH would eventually sell 17% of its stake in Slovenske Elektrarne to the government.
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