Rosatom Says It Remains Interested in Slovak Nuclear Project

Rosatom Corp. said it remains interested in a partnership with the Slovak state to build an atomic reactor if the government can guarantee profitability.

The Russian nuclear builder won’t insist on guarantees on the purchase price of power if the Slovak state comes up with an offer that ensures the Jaslovske Bohunice project is economically feasible, Rosatom overseas spokeswoman Andrea Krajniakova said by phone.

“Guarantee on the purchase price was never our sole condition,” Krajniakova said. “We are prepared to enter the project if a mutually satisfactory solution is found.”

Rosatom is in talks with CEZ AS to buy its 49 percent stake in the venture with Slovakia’s state nuclear decommissioning company JAVYS. CEZ, which paid 117 million euros ($159 million) for the stake in 2009, shelved the project last year to focus on expanding its own Temelin nuclear plant in the Czech Republic.

Slovak Premier Robert Fico has supported the construction of atomic plants to make the country self-sufficient in power. The Bohunice unit would be built at the site of an existing nuclear station, where Enel SpA’s local unit operates two reactors.

Enel is also building two 440-megawatt reactors at Mochovce, Slovakia’s other nuclear plant. The project has been plagued by delays and cost overruns as Enel and the Slovak government disagree about budget increases.

To contact the reporter on this story: Ladka Bauerova in Prague at lbauerova@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

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